Nampak buys Alucan Investment plants for $301 million
South Africa’s Nampak Ltd agreed on Monday to pay $301 million to buy a Nigerian beverage can manufacturer plus an option to purchase a plastic packaging facility.
The acquisition of Alucan Investment Ltd forms part of the packaging firm’s stated intention to boost sales from outside its home market.
Nampak has said it aims to grow its sales contribution from the rest of Africa to 35 percent from about 20 percent now.
Under the deal, Nampak has a 10-year option to buy related company involved in rigid plastic packaging in Nigeria, if and when the owner decides to sell.
The company also said it was considering the expansion of its Angolan can manufacturing facility to meet growing demand in the oil-rich southern African country.
Alucan Investments Ltd makes cans for the beer, malt and the soft drink industry with capacity to make 1.1 billion cans per year.
Shares in Nampak rose 3.5 percent to 31.83 rand by 0805 GMT, outpacing a 0.4 percent rise in the JSE All-share index
Source: http://businessdayonline.com/2013/11/nampak-buys-alucan-investment-plants-for-301-million/
Founding General Assembly of Slovenia-Nigeria Chamber of Commerce
On the 28th of May, 2013 Slovenia-Nigeria Chamber of Commerce was founded.
Mr. Fred Uduma, elected president of chamber in his welcome speech said, the imperative for a mutually beneficial relationship between Slovenia and Nigeria is urgent in the context of the radical changes unfolding now and reaching its apex which Slovenia shouldn’t miss to grab. The establishment of Slovenia Nigeria Chamber of Commerce will strengthen and enhance business, economic, trade and bilateral cooperation between Slovenia and Nigeria. He further said, Slovenia-Nigeria Chamber of Commerce in partnership with the Embassy of the Federal Republic of Nigeria Budapest, Hungary, Chamber of Commerce and Industry of Slovenia, International Center for Promotion of Enterprise and other relevant agencies and institutions will create partnerships for mutual and beneficial economic growth.
The chamber will promote trade and investment activities, identify business opportunities and assist Slovenian businesses to access the Nigerian market, helping them to understand and adapt to Nigeria’s rules and culture, which are very different from that of Slovenia and to maximize trade between the two countries and beyond.
Mr. Tomaž Rogelj, Executive Manager of ICPE assured support of ICPE to the activities of the chamber and proposed that special working groups should concentrate on the following topics: waste, energy, water, urbanization, and civil registration system and education/joint training.
The Founding General Assembly of Slovenia-Nigeria Chamber of Commerce was well attended by many Slovenian Companies, NGO’s and private sector institutions.
Sporočila za medije – HTZ Velenje je postal ustanovni član Slovensko-nigerijske gospodarske zbornice
Sporočila za medije
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10.07.2013
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HTZ Velenje je postal ustanovni član Slovensko-nigerijske gospodarske zbornice