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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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