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- Nedbank Corporate and Investment Banking leads the structuring, negotiation, and execution of a multi-billion rand financing deal for Envusa Energy.
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- Africa's pathway to a climate-resilient economy | Nedbank CIB
- Commercial property trends 2022
- Green energy in the developing world | Nedbank CIB
- How sustainable finance creates value
- How the property sector recovered in 2023
- Two wins for sustainable finance leadership | Nedbank CIB
- National Contributor empowers FURTHER IMPACT entrepreneurs
- What happens when finance meets sustainability?
- Africa’s renewable-energy projects
- Breaking down barriers for energy transition in mining
- Africa's pathway to a climate-resilient economy | Nedbank CIB
- Commercial property trends 2022
- Green energy in the developing world | Nedbank CIB
- How sustainable finance creates value
- How the property sector recovered in 2023
- Two wins for sustainable finance leadership | Nedbank CIB
- National Contributor empowers FURTHER IMPACT entrepreneurs
- What happens when finance meets sustainability?
- Africa’s renewable-energy projects
- Breaking down barriers for energy transition in mining
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Nampak R1 billion Rights Offer
Nampak R1 billion Rights Offer
Staff writer
Posted 20/10/2023 Updated 08/04/2024 2 mins
Nedbank CIB recently advised on Nampak's R1 billion Rights Offer.
Nedbank CIB advised on Nampak's landmark R1 billion Rights Offer
Nedbank Corporate and Investment Banking (NCIB) recently acted as Joint Financial Adviser and Joint Transaction Sponsor for Nampak Limited (Nampak) on their R1 billion Rights Offer. Nampak, a leading diversified packaging manufacturer in Africa, has been listed on the Johannesburg Stock Exchange (JSE) since 1969, with operations spanning 19 sites in South Africa and 14 sites in other parts of Africa.
The Rights Offer, based on a ratio of 2,20902 rights for every Nampak ordinary share held, was launched at a subscription price of R175.00, representing a 23.49% discount to the 30-day VWAP at 30 August 30 2023.This transaction signifies a pivotal step in Nampak's strategic transformation, aimed at shifting from a diversified conglomerate to a more focused packaging operations business ultimately to drive profitability and reduce debt.
The rights offer successfully concluded on 22 September, with gross demand equating to 138.6% of the available Rights Offer shares.
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Nedbank Corporate and Investment Banking (CIB), recently played a pivotal role in the successful acquisition and subsequent delisting by SA Corporate Real Estate Limited (“SA Corporate”) of Indluplace Properties Limited (“Indluplace”). Acting through our Corporate Finance team, CIB served as the exclusive corporate advisor and transaction sponsor in the transaction, which involved the integration of Indluplace Properties Limited ("Indluplace") into SA Corporate's portfolio.
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