DIVERSIFIED agro-industrial group, TSL Limited (TSL), is set to acquire a 51,43 percent stake in packaging company Nampak Zimbabwe for a maximum consideration of US$25 million.
The transaction, however, is subject to approval by TSL shareholders at an upcoming general meeting.
TSL, which operates across multiple sectors including tobacco auctioning, printing and packaging, agricultural inputs supply, and storage, aims to expand its market share in the packaging industry through the acquisition.