Cambria Moves to Take Over Celsys

[The Herald]

CAMBRIA Africa is seeking to buy out minority shareholders in Celsys Limited and acquire the company's listing on the Zimbabwe Stock Exchange. The AIM-listed company, which controls 60 percent of Celsys, has proposed a Scheme of Arrangement with minority shareholders to receive shares in Cambria in return for the shares presently held by them in Celsys or, alternatively, payment in cash.