Sefalana rebuffs link to P51m acquisition deal

The 33 percent shareholding in THB is currently owned by Zimbabwe Stock Exchange listed Starafrica Corporation which last week released a statement confirming receipt of an offer for the stake from a BSE listed firm. 

Quoting sources said to be close to the deal, Zimbabwe media this week reported that Starafrica has received a “decent offer” from Sefalana and the parties seem to have agreed on various specifics of the deal. “Talks are now at a delicate stage and I am hopeful for a positive outcome,” the Herald Business quoted the source.