hat owned all A class permanent ordinary shares in BBS. CBZ Holdings said the purchase consideration for Beverley was Z$1 837 billion while the value of the net assets purchased was $1,57 billion as at 30 June 2006.
BBS is not going to re-brand but will continue trading under its current name.
The CBZ Holdings group said the acquisition was in line with its business growth strategy for the creation of a broad-based financial services group that was ratified by shareholders at the previous Extraordinary General Meeting.
The market had been awash with speculation that CBZ Holdings had snapped up Beverley for a consideration of £3,5 million.
CBZ Holdings’ shares have over the past week been trading at between $270 and $300. – Own correspondent
8.2.2007
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CBZ buys Beverley-(08-02-07
HARARE - The Competition and Tariff Commission has approved the acquisition of Beverley Building Society (BBS) by CBZ Holdings Limited.
CBZ Holdings acquired Beverley from Andrew Weir and Company by taking over the entire issued share capital of The Forrestdale Trust Limited, the company t
CBZ Holdings acquired Beverley from Andrew Weir and Company by taking over the entire issued share capital of The Forrestdale Trust Limited, the company t