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British tycoon Nicholas Van Hoogstraten says his investment vehicle — Messina Investments — notified the Zimbabwe Stock Exchange (ZSE) of its intention to buy out CFI Holdings minorities despite claims by the regulator that due processes were not followed.
The battle for the throne at CFI Holdings (CFI) has escalated with market regulator — the Zimbabwe Stock Exchange (ZSE) — claiming it was unaware that British tycoon, Nicholas Van Hoogstraten’s Messina Investments qualified to make a mandatory offer to the company’s minorities.
By Paul Nyakazeya The National Social Security Authority (NSSA) has sold its entire stake in troubled conglomerate, CFI Holdings, to ZimRe Holdings, effectively handing control of the company to the Rudlands brothers. This is likely to subdue vocal shareholder, Nicholas van Hoogstraten, the British tycoon who has controversially fought against Simon and Hamish Rudland, who […]