Sappi in strong cash position to weather Covid-19 crisis
Wood pulp manufacturer sitting on more than $200m in cash deposits
30 March 2020 - 19:58
Shares in Sappi, the world’s largest manufacturer of dissolving wood pulp, rose more than 18% on Monday as the company said it is in a good cash position to weather the Covid-19 crisis.
Shares in Sappi ended the day at R22.88, giving the company a market capitalisation of R12.54bn...
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