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Nampak Ltd Announces Sale Of Nampak Cartons & Labels Business In South Africa

Monday, 16 Sep 2013 10:30am EDT 

Nampak Ltd announced that, in line with its strategy of focusing on specific regions and core products, it has concluded an agreement to sell its Nampak Cartons & Labels business in South Africa to a subsidiary of Caxton and CTP Publishers and Printers Limited. The transaction is subject to a number of conditions precedent, including approval by the Competition authorities and the effective date of the transaction is expected to be in the first quarter of 2014.