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Brainworks ups its stake in hotelier African Sun to 55%

Brainworks Capital Management, the Zimbabwean private equity and investment advisory firm, has beefed up its stake in hotel group African Sun. The transaction follows the closure of its mandatory offer to the company’s minority shareholders, which was triggered once Brainworks became a major shareholder in the group, owning a 44% stake. Brainworks’ offer represented a 3 cent premium on the hotelier’s share price.

Read more at New Zimbabwe…

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