PIC ups its stake in Nampak to 20.5%
Nampak recently lost its CEO to Eskom, and its share price has fallen by a quarter so far in 2020
24 January 2020 - 11:09
Africa’s largest packaging group Nampak, which recently lost its CEO André de Ruyter to Eskom, said on Friday that the Public Investment Corporation (PIC) had upped its shareholding to 20.5%.
Nampak did not provide further details, but according to Infront data, at its last filing the company reported the PIC held 11.09% of the company — or 76.5-million shares...
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