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Foreigners acquire $10m CBZ debentures

HARARE – Foreign investors may acquire a stake in Zimbabwe’s largest banking group by deposits, CBZ Holdings Limited (CBZ), after taking up $10 million debentures convertible to shareholding on maturity. The debentures have a three-year tenure. Based on CBZ’s $0,15 closing share price yesterday, the foreigners could acquire a 9,74 percent stake in the group…

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