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Minority shareholders in First Mutual Holdings Limited (FMHL) continue to face an extended wait as CBZ Holdings Limited (CBZHL) awaits regulatory approval to acquire additional shares in the company.
In a further update on its ongoing acquisition plans, CBZ Holdings Limited (CBZ), a Zimbabwean banking group, has announced it is confident regulatory approval for the merger with ZB Financial Holdings Limited (ZBFH) will be secured by the end of April 2024.
HARARE – The wait continues for minority shareholders in First Mutual Holdings Limited (FMHL) as CBZ Holdings Limited (CBZHL) seeks regulatory approval to acquire additional shares.
CBZ Holdings Limited (CBZ) has issued a statement updating shareholders on its ongoing negotiations for a significant acquisition within the financial sector.
HARARE – First Mutual Life Assurance Company (FML) finds itself embroiled in a legal dispute with the Insurance and Pensions Commission (IPEC) following a contentious “Corrective Order” demanding substantial payments to policyholders.
First Mutual Holdings Limited (FMHL) has suspended its Annual General Meeting (AGM) pending a forensic audit into allegations that the organisation defied the law on separation of insurance and pension businesses.
The National Social Security Authority (Nssa) remains on a path to improve the efficiency of its investment portfolio, and the latest development in this respect is the proposed disposal of a significant stake in Turnall Holdings and part of its shareholding in First Mutual Holdings Limited.
MDC vice-president Tendai Biti has rekindled his $15 million retirement claim against First Mutual Holdings Limited (FMH) after the insurance company said it would only pay him less than what was agreed upon reaching the retirement age of 60.
First Mutual Holdings Limited (FMHL), which recently acquired NicozDiamond Insurance Limited, has made a mandatory tender offer to the latter’s minority shareholders to acquire the remaining 19,08 percent shares.
Foreign investors were net buyers of $300 000 worth of shares on the local bourse during the week ending August 10 according figures released by the Zimbabwe Stock Exchange (ZSE).