Zimbabwe: Van Hoogstraten in Hwange Coal Mine Bid

Controversial British businessman Nicholas van Hoogstraten has made a takeover bid for the struggling Hwange Colliery Company Limited.

Van Hoogstraten and his family already have a 30 percent shareholding in the company, but the multi-millionaire businessman tabled a $50 million bailout package and has reportedly demanded a raft of reforms which will give him control over management of the company.

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