Published: 07 February 2014

The Industrial Development Corporation will finalise the execution of share subscription agreements relating to Chemplex Corporation within the first quarter of this year after 11 investors expressed interest in the company.

IDC intends to dilute its shareholding in Chemplex, the largest fertiliser and chemical manufacturing company in Zimbabwe, to raise $60 million to boost production at the corporation, which is into mining and manufacturing.

The 11 companies include two local investors; four from South Africa and one each from India, China, Singapore, Canada and Egypt.

The investors are part of 40 potential investors that received non-disclosure agreements from IDC.
- herald

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