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ASL approves Dawn stake disposal

HARARE – African Sun Limited (ASL)’s shareholders have approved the disposal of the hotelier’s 16,54 percent stake in listed property firm, Dawn Properties (Dawn). The shareholding will be acquired by Lengrah Investments Private Limited, a subsidiary of private equity group Brainworks Capital (Brainworks), which is in turn a major shareholder in ASL. “The sale agreement…

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