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Barclays deal sealed

HARARE – British lender Barclays Plc on Thursday sealed disposal of its local unit to Malawi’s FMB Capital Holdings (FMBCH). Barclays Bank of Zimbabwe (BBZ) said completion of this transaction follows compliance with all statutory and regulatory requirements. The move resulted in FMBCH acquiring a 42 percent shareholding in BBZ with Barclays Plc retaining a…

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