Zimbabwe: TPH to Dispose of Loss Making Puzey & Payne

TRACTIVE Power Holdings (TPH) is set to dispose of its loss-making motoring subsidiary Puzey & Payne as the group seeks to streamline its operations following the acquisition of a majority stake in TPH by agricultural implements manufacturer Zimplow.

TPH early this week issued a cautionary statement, saying it was involved in negotiations which might have a material impact on the company's share price.

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