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Nampak Limited - Sale of Paper Merchants Division

Release Date: 16/02/2005 08:03
Code(s): NPK
Wrap Text

Nampak Limited - Sale of Paper Merchants Division NAMPAK LIMITED (Incorporated in the Republic of South Africa) (Registration number 1968/008070/06) ISIN : ZAE000004933 Share code : NPK SALE OF PAPER MERCHANTS DIVISION Nampak Limited announces the sale of its paper merchants division, Peters Papers, in a transaction with a value of approximately R220 million to a consortium comprising Actis Africa Fund 2 LP, a private equity fund, Izingwe Capital, a black empowered investment company, and management at Peters Papers. The transaction is subject to certain suspensive conditions and the anticipated effective date is 1 March 2005. Further details relating to the transaction will be available during the course of the day on Nampak"s website: http://www.nampak.com Date: 16/02/2005 08:03:40 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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