Nampak Zimbabwe Calls Off US$25M TSL Deal

Nampak Zimbabwe’s highly anticipates sale of it’s 51.43% shareholding TLS Limited for $25million has been terminated due to TSL’s inability to secure crucial shareholder approval.

In a statement published by , Nampak Zimbabwe Limited (Nampak) said that “Shareholders are referred to the cautionary announcement dated 3 September 2025, regarding the disposal of a 51.43% shareholding in the Company by Nampak Southern Africa Holdings Limited (Nampak) to TSL Limited (‘the Purchaser’) for a maximum purchase consideration of US$25,000,000 (‘the Proposed Transaction’)”.

They received from TSL that, notwithstanding a successful due diligence and the approval of the Proposed Transaction by the Competition and Tariff Commission of Zimbabwe, circumstances for TSL in motivating the Proposed Transaction to their shareholders have changed, and they have elected to withdraw from the Proposed Transaction, which Nampak has agreed to.

As a result of the termination of the Proposed Transaction, shareholders are advised that the cautionary announcement previously issued has been withdrawn. Accordingly, caution is no longer required when dealing in the Company’s securities.”