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Home » First Capital, ASB deal still pending
Companies & Markets

First Capital, ASB deal still pending

written by Prisca Tshuma, Staff Writer 0 comments
FCB entered into a share purchase agreement with ASB Hospitality LLC in September last year for the disposal of its shareholding in Makasa Sun in a deal worth US$30 million.
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FIRST Capital Bank (FCB) says the proposed sale of its stake in Makasa Sun Hotel, formerly Kingdom Hotel in Victoria Falls, is still pending as regulatory approval has not yet been granted. FCB entered into a share purchase agreement with ASB Hospitality LLC in September last year for the disposal of its shareholding in Makasa…

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