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Zamco to assume Cottco $56m debt

HARARE – Cottco Holdings Limited (Cottco) says government has started the resuscitation of the embattled cotton manufacturer through a special purpose vehicle set to assume the group’s $56 million debt. In a statement accompanying its unaudited financials for the half year ended September 30, 2015, Cottco said government was taking over all of the company’s…

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