First Capital finalises Makasa Sun disposal

Makasa Sun's sole asset is the Makasa Sun Hotel, formerly known as The Kingdom at Victoria Falls.

FIRST Capital Bank has finalised the disposal of its 50 percent stake in Makasa Sun, which owns the Makasa Sun Hotel, formerly Kingdom Hotel in Victoria Falls, to ASB Hospitality. Last year, the bank and its co-shareholder First Capital Bank Pension Fund, which each held a 50 percent stake, announced that they had agreed to…

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