Murray and Roberts Takeover Almost Complete

Submitted by AA Zimbabwe on Mon, 2012-04-23 10:29

[The Herald]

MURRAY & Roberts is close to sealing a deal in which it is selling its stake in M&R Zimbabwe to a consortium of locals and foreigners. The deal is a golden opportunity for the consortium, rumoured to be headed by M&R Zim chairman and politician Mr Paddy Zhanda, because M&R is selling its stake at a huge loss, sources said last Friday.