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CTC approves FMRE acquisition
Mthandazo Nyoni ·
THE Competition and Tariff Commission (CTC) has approved, without conditions, the proposed acquisition of 29,1% shareholding in First Mutual Reinsurance Holding Limited (FMRE HoldCo) by Aleyo Capital Proprietary Limited.
The Zimbabwe Stock Exchange-listed FMRE is a holding company for First Mutual Group of Companies involved in the provision of reinsurance services for all classes of general insurance and life health insurance.
Aleyo Capital Proprietary Limited is a Botswana-based investment and asset management firm specialising in private equity and mezzanine investments in southern Africa.
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