{"id":100678,"date":"2024-11-15T21:05:00","date_gmt":"2024-11-15T19:05:00","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m"},"modified":"2024-11-15T23:11:15","modified_gmt":"2024-11-15T21:11:15","slug":"tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m","title":{"rendered":"TSL still in talks to buy Nampak Zimbabwe for US$25m"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>AGRICULTURE concern, TSL Limited (TSL) has revealed that it is still engaged in talks to buy packaging firm, Nampak Zimbabwe Limited (NZL), from its parent company, Nampak Southern Africa Holdings Limited (NSAHL).<\/p>\n

South African packaging group Nampak Limited, the owners of NSAHL, first announced its intention to sell NZL in October for a consideration of US$25 million to TSL.<\/p>\n

In a statement, TSL said the transaction to buy NZL would require shareholder approval.<\/p>\n

\u201cFurther to the cautionary announcement dated October 22, 2024 regarding the proposed acquisition by TSL Limited (the company) of 51,43% shareholding in Nampak Zimbabwe Limited from Nampak Southern Africa Holdings Limited (the transaction), shareholders and the investing public are advised that the company and Nampak SAHL are still engaged in processes to finalise and execute the sale and purchase agreement,\u201d TSL said.<\/p>\n

\u201cThe transaction will require shareholder approval which will be sought at an extraordinary general meeting (EGM). The company is, therefore, preparing a circular to shareholders which will contain full details regarding the transaction, a notice for the EGM, requisite shareholder resolutions for the transaction and other required statutory and regulatory approvals.\u201d<\/p>\n

Accordingly, TSL advised shareholders to exercise caution when dealing in its securities.<\/p>\n

\u201cFurther announcements will be made in accordance with regulatory requirements as and when there are material developments,\u201d TSL said.<\/p>\n

According to NZL, the disposal remains subject to the fulfilment of various suspensive conditions including the conclusion of binding transaction agreements and obtaining all necessary regulatory approvals.<\/p>\n

\u201cThis follows the seller\u2019s acceptance of a binding offer from the purchaser (TSL) for the acquisition of the shares at a purchase consideration of US$25 000 000,\u201d NZL said.<\/p>\n

For More News And Analysis About Zimbabwe Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. AGRICULTURE concern, TSL Limited (TSL) has revealed that it is still engaged in talks to buy packaging firm, Nampak Zimbabwe Limited (NZL), from its parent company, Nampak Southern Africa Holdings Limited (NSAHL). South African packaging group Nampak Limited, the owners of NSAHL, first announced its intention to sell NZL in October for […]<\/p>\n","protected":false},"author":84,"featured_media":100677,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[19],"class_list":["post-100678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-zimbabwe"],"yoast_head":"\nTSL still in talks to buy Nampak Zimbabwe for US$25m - zimbabwe<\/title>\n<meta name=\"description\" content=\"AGRICULTURE concern, TSL Limited (TSL) has revealed that it is still engaged in talks to buy packaging firm, Nampak Zimb ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TSL still in talks to buy Nampak Zimbabwe for US$25m\" \/>\n<meta property=\"og:description\" content=\"AGRICULTURE concern, TSL Limited (TSL) has revealed that it is still engaged in talks to buy packaging firm, Nampak Zimb ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-15T19:05:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-15T21:11:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/11\/sm_1731692441.28388.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"806\" \/>\n\t<meta property=\"og:image:height\" content=\"454\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TSL still in talks to buy Nampak Zimbabwe for US$25m\",\"datePublished\":\"2024-11-15T19:05:00+00:00\",\"dateModified\":\"2024-11-15T21:11:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m\"},\"wordCount\":292,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/11\/sm_1731692441.28388.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tsl-still-in-talks-to-buy-nampak-zimbabwe-for-us25m\",\"name\":\"TSL still in talks to buy Nampak Zimbabwe for US$25m - 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