Nampak announces R980m BEE deal

August 18, 2005

Listed packaging group Nampak on Thursday announced that it has reached agreement to conclude a 10% black economic empowerment (BEE) transaction...

pursuant to which approximately 5% of the issued share capital of Nampak will be owned by Nampak employees and 5% will be owned by BEE groups comprising a broad base of black people.

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