Nampak completes sale of Bevcan Nigeria business

Nampak has completed the disposal of its Bevcan Nigeria business to Singapore-incorporated private company Alucan Investment after six months of due process and approvals. The company expects to receive the first tranche of the proceeds, amounting to $58.2-million, on January 31, with a further $10-million payable by February 7. The disposal successfully deleverages the group’s financial position and improves…

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