Nampak Shares in Biggest 2-Day Gain Since 2013 After Angola Deal
- South African producer is only can manufacturer in Angola
- Nampak to benefit from Angola's planned can-import duties
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Nampak Ltd. shares recorded their biggest two-day gain since 2013 after the beverage-can maker agreed to supply Angola’s biggest importer Refriango with “substantially more” than half of its requirements.
The stock gained as much as 11 percent after Bloomberg News reported the deal late Thursday, the most over two days since November 2013, and traded up 7.9 percent at 24.82 rand at 10:38 a.m. in Johannesburg on Friday, the highest since Oct. 6.