ZSE in talks to acquire entire shareholding in Chengetedzai: sources  

0
1546
1932688 664450863596871 2088411395 o
1932688 664450863596871 2088411395 o

HARARE – (FinX) The Zimbabwe Stock Exchange is in talks to acquire the entire shareholding of securities depository company, Chengetedzai.

Chengetedzai Depository Company was formed to establish and operate a central securities depository for the Zimbabwe securities industry after winning the tender in 2010.

Government, through its quasi-fiscal entities is the largest shareholder.

Well-placed sources told this publication that ZSE, which already holds a stake in the company, that negotiations to acquire the entire shareholding were progressing.

In a cautionary announcement, the ZSE said it was contemplating a transaction, which if successfully concluded, may have a significant impact on the company’s share price.

“Accordingly shareholders are advised to exercise caution when dealing in the company’s securities until a further announcement is made.”

Efforts to get a comment from ZSE CE Justin Bgoni were futile as his phone rang unanswered.

close

Sign up to receive awesome content in your inbox, every day.

We don’t spam! Read our privacy policy for more info.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

18 − eight =