For some time, Nampak has had a stated strategy of focusing on core product segments in South Africa and the rest of Africa, and these three divisions do not form part of this focus.
The transaction is subject to a number of conditions precedent, including various de-merger and supply arrangements with Nampak and approval by the Competition authorities.
The effective date of the transaction is expected to be in the 2Q 2015. On conclusion of the transaction, it is envisaged that the re-branded businesses will continue to be managed autonomously.