Zimbabwe: Trust Courts Suitor

TRUST Banking Corporation Limited (TBC), a unit of the Zimbabwe Stock Exchange-listed group, Trust Holdings Limited (THL), is in discussions with an unidentified foreign suitor for a US$20 million cash injection, an executive with the banking unit revealed.

Nyevero Hlupo, TBC managing director, told The Financial Gazette's Companies & Markets that discussions with the suitor were at an advanced stage, but did not indicate when they were likely to be concluded.

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