Caxton ups its stake in Mpact
The community newspaper publisher becomes Mpact’s biggest shareholder
18 December 2020 - 17:49
MPact, the biggest paper and plastic packaging and recycling business in Southern Africa, said in a JSE news service (Sens) announcement on Friday that Caxton and CTP Publishers and Printers has increased its shareholding in the company to 26.45%.
That makes Caxton, which is expanding beyond its traditional business of printing and distributing community newspapers, Mpact’s biggest shareholder, according to data compiled by Bloomberg. Caxton previously held 6.34% of MPact, the data shows...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.