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BDO M&A
ZIMBABWE
Acquisition of 31.22% shareholding in First Mutual Holdings Limited by CBZ Holdings Limited
The BDO M&A team in Zimbabwe acted as independent financial advisors to CBZ Holdings Limited in its acquisition of a 31.22% stake of First Mutual Holdings Limited. CBZ Holdings is Zimbawe's largest banking institution by assets and deposits. Going forward, CBZ has expressed intention to consolidate its position by acquiring a control
block in the property and insurance firm.
BDO contact for this transaction JONAS JONGA Partner Advisory jjonga@bdo.co.zw RABIRO MANGENA Director Advisory rmangena@bdo.co.zw
INTERNATIONAL SNAPSHOTS 2022
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