https://newsletter.en.creamermedia.com
Business|Financial|Packaging|Packaging|Operations
Business|Financial|Packaging|Packaging|Operations
business|financial|packaging-company|packaging|operations

Nampak completes sale of Bevcan Nigeria business

Aluminum beverage cans

Photo by Bloomberg

31st January 2025

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

JSE-listed packaging producer Nampak has completed the disposal of its Bevcan Nigeria business to Singapore-incorporated private company Alucan Investment after six months of due process and approvals.

The company expects to receive the first tranche of the proceeds, amounting to $58.2-million, on January 31, with a further $10-million payable by February 7.

The disposal successfully deleverages the group’s financial position and improves the risk profile of the company. Nampak will use the $68.5-million in proceeds to settle debt.

Nampak’s Nigerian assets reported an attributable loss of R2-billion in 2023.

Nampak can now focus its efforts on core operations to unlock further shareholder value.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

UP showcases mining VR centre
UP showcases mining VR centre
16th April 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.139 2.53s - 155pq - 2rq
Subscribe Now