Nampak confident R2bn capital raise will steer it back on course
The packaging company’s push into the rest of the continent resulted in a debt pile of R5.2bn by end-September
05 December 2022 - 12:46
UPDATED 05 December 2022 - 20:27
Debt-laden packaging group Nampak, which is gearing up to ask shareholders to back a R2bn rights offer, says a successful capital raise is crucial to keep its credit lifeline from suppliers of raw materials open.
Should the raise not happen, Nampak will be forced to buy inventory in cash, adding further strain to its cash flow...
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