All NewsBusiness

Kinsai to wholly acquire Astra

All NewsBusiness

Kinsai to wholly acquire Astra

HARARE – Japanese coatings company Kansai Plascon Limited (Kansai) is set to wholly acquire Astra Industries Limited (Astra) after revealing plans to buy out minority shareholders. Kansai currently owns a 63,25 percent stake in the Zimbabwe Stock Exchange-listed paints manufacturer it acquired for $5,5 million from the Reserve Bank of Zimbabwe in 2013. Last week,…

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