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Masawara to float at 50p a share
Wed, 08 Feb, 2012
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Masawara to float at 50p a share
Fri, 13 Aug 2010, 16:38:00
Zimbabwe-focused investment firm <b>Masawara</b> is on course to join AIM on 19 August. Masawara is raising £15.5m in a share placing at 50p a share, which values the company at £50m. The initial focus of the company will be investments in the telecommunications, mining and agriculture sectors. FMI Holdings, a company owned by the family trust of non-executive director Shingai Mutasa, will own 63.4% of Masawara while Invesco will hold 29.8%. Masawara currently owns a commercial property in the Zimbabwe capital Harare and an investment in Zimbabwe stock exchange listed TA Holdings Ltd.
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