Market welcomes Sappi’s R4.7bn exit from Europe’s graphic paper sector
The pulp-and-paper producer sells three mills as it switches its focus
29 September 2022 - 09:45
UPDATED 29 September 2022 - 18:24
The shares of dissolving pulp-and-paper producer Sappi climbed to their highest level in four weeks on Thursday after it announced the sale of three of its mills in Europe as it looks to focus on the commercial print market on the continent.
The share price climbed as much as 7.71% to R48.64, to reach levels last touched on August 29, before retracting to settle 6.07% higher at R47.90. ..
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.