Mutapa takes over Cottco Holdings

MUTAPA Investment Fund has taken over a 37,1% shareholding in Cottco Holdings Limited as the fund accesses a key asset that can post
profits.

The takeover by Mutapa was first announced last year as part of the Finance, Economic Development and Investment Promotion ministry’s plan to give the fund profitable State entities to attract foreign investment for government. Treasury intends to use this foreign investment for its capex which it said is US$40 billion.

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