TRYNESS TEMBO, Lusaka
AS PART of ZCCM-Investments Holdings (ZCCM-IH)’s strategic intent to participate in agriculture and agro-processing, plans are underway to acquire Mushe Milling Limited.
The investment holding company has begun discussions regarding the potential acquisition of the firm.
This is according to the directors’ interim unaudited financial results for ZCCM-IH and its subsidiaries for the six months period ended September 30, 2018.
“The opportunity to acquire Mushe Milling Limited has been assessed and discussions have reached an advanced stage with the terms and conditions of the transaction close to finalisation,” reads the financial result.
During the period under review, ZCCM-IH also expressed interest to invest in Leopards Square, a mixed commercial property with a unique tenant mix.
This transaction is almost finalised, upon completion of a subscription agreement and a shareholders agreement.