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03 Dec
05:10

Chinese property group loses interest in acquiring Zisco

Chinese group R&F Properties says that it is no longer interested in the purchase of the Zimbabwe Iron and Steel Company (Zisco) in Africa, Kallanish notes. A government source said the Zimbabwe government and the investor had disagreed about a cooperation agreement. Some assets had not been factored in when the deal was negotiated, including the company's real estate and a huge stockpile of scrap metal with an estimated value of…
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