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Zim finalises $750m Essar deal

HARARE – Zimbabwe says it has finally concluded a $750 million takeover deal of its giant iron processor Ziscosteel — now NewZim Steel — by Indian firm Essar Africa Holdings Limited. The deal, under which Essar acquired a 54 percent stake in the Kadoma-based steel maker, was agreed to in November 2011, but stalled due…

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