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South Africa's Competition Tribunal unconditionally approved CTP Limited's acquisition of the packaging operations of Amcor Flexibles South Africa in Cape Town and Port Elizabeth, including bag-in-box laminate production and tyre-liners.
Caxton subsidiary CTP Limited agreed to acquire Amcor's bag-in-box and pouching operations in Cape Town and its Port Elizabeth operations for a cash consideration of R90 million. The deal adds packaging capacity in South Africa.