PACKAGING
Market not satisfied with Nampak’s smaller rights offer
30 January 2023 - 10:38
UPDATED 30 January 2023 - 22:45
The share price of packaging group Nampak slumped to its lowest intraday level in four weeks as the group announced a reduction in the size of its proposed rights offer from as much as R2bn to no more than R1.5bn.
The debt-laden company also revealed its exit from Nampak Nigeria Metals and East African businesses that have been hammered by currency volatility...
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