Nampak raises R1bn from shareholders to reduce its debt
The packager says gross demand equated to more than 138% of the available rights offer shares
26 September 2023 - 14:00
Debt-laden packaging manufacturer Nampak has raised R1bn from its shareholders after its rights offer was oversubscribed.
The successful capital raise will enable the management of the R615m JSE-listed group to reduce its R5bn debt pile, resulting in a more appropriate capital structure...
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