Sector News

South Africa's Nampak in talks to sell glass business

April 3, 2018
Chemical Value Chain

South African diversified packaging group Nampak said on Thursday it planned to sell its loss-making glass business. Nampak said it has approached packaging industry players to invite proposals for the sale of its glass business.

“Exploratory discussions have been held with a number of strategic players with a formal corporate finance disposal process currently in progress,” the company said.

By Tanisha Heiberg

Source: Reuters

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