Brainworks Capital Management is set to acquire a significant stake in Telecel Zimbabwe currently held by the Empowerment Corporation (EC) in a transaction which could end the protracted share wrangle in the indigenous investment vehicle.
Brainworks is said to have made an offer for the 40 percent stake or 80 million shares held by EC for $20 million cash.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article