/ 28 April 2001

GLOBAL STAKES IN SAPPI AT 60%

FOREIGN shareholding in SA pulp and paper group Sappi has now surpassed the 60% mark, the company said on Thursday. This followed strong buying from US and other international institutions in recent weeks, it said. The group said 37% of its shares were now held by US shareholders and 23% by European and other foreign shareholders. The group did not divulge who are the foreign shareholders.

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