All NewsBusiness

IDC to dispose Amtec stake

All NewsBusiness

IDC to dispose Amtec stake

HARARE – Distressed Industrial Development Corporation of Zimbabwe (IDC) is disposing its 55 percent stake in Amtec Private Limited (Amtec) for an undisclosed sum. This comes after government — the major shareholder in IDC — recently approved the disposal of nine of the parastatal’s subsidiaries as part of a turnaround strategy. Under the plan, IDC…

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