Trust Bank still courting investors

Trust Holdings Limited is still locked in negotiations with South African investors three months after the company announced that is looking for a taker for its 25% stake to recapitalise the group.

The company wants to dispose a 25% stake that was formerly held by First Mutual Life when the two companies had a share swop.

Trust Bank chief executive officer William Nyemba in an emailed response said: “We are still in negotiations with potential investors and as such cannot divulge details to the public yet.”

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