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Munyeza sells his Brainworks Capital stake

Image Credit: The Standard

Shingi Munyeza, the former CEO of African Sun, has sold the stake he held in Brainworks Capital. He owned the stake as the result of a share swap agreement following the private equity firm’s acquisition of an initial 32% stake in the Hotel group. The stake is said to have been valued at $7 million but sources told Zimbabwe’s The Herald that the amount received was less following the settlement of liabilities.

Read more at The Herald…