Zimbabwe: FBC Wins Homelink Bid

15 November 2012

FBC Holdings has won the bid to buy the property division of Homelink, a subsidiary of the Reserve Bank of Zimbabwe. Impeccable sources confirmed the development but could not, however, disclose how much the financial group will pay for the business. The central bank is in the process of selling its shareholdings in non-core businesses.

"FBC has won the bid but it is not taking over the whole business," said one source.

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