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Mauritian firm snaps 7% FBC stake

HARARE – Listed financial services group FBC Holdings (FBCH) has disposed of a 7, 31 percent stake to a Mauritius-based international private equity company ShoreCap II Limited for $4, 9 million. The group plans to channel the undisclosed proceeds towards boosting its micro-finance business. “The sale constitutes 7,31 percent of the issued share capital of…

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