25 Sep 2014

Nuplex shares jump at thought of sale

6:51 am on 25 September 2014

Nuplex delighted investors yesterday with just the thought it might sell a couple of problem Australasian businesses.

Nuplex shares jumped as much as 7.6 percent to $3.25 before easing to close at $3.22.

The resins manufacturer said it was discussing the sale of its agency and distribution business and its Masterbatch plastic additives business with a private equity firm, CHAMP, but that there was no guarantee of a sale.