Published: 06 November 2013

Private Equity investment firm Brainworks Capital is set to make a mandatory offer to all listed African Sun shareholders.

This is after the group recently completed an acquisition of 36.51% of the total shares amid indications that the hotel group together with its landlord Dawn Properties are set to be combined back into one entity.

The offer is being made to comply with Chapter 9 of the Zimbabwe Stock Exchange listing requirements which compels shareholders to make a mandatory offer to minorities once their shareholding passes the 35% level.
- herald

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