Zimbabwe’s CFI Plans Sale of Windmill Stake, Daily News Reports
By Brian Latham -
2012-01-26T06:33:42Z
Zimbabwe’s CFI Holdings Ltd. (CFI) plans to raise $8 million by selling its stakes in fertilizer-maker Windmill (Pvt) Ltd. and the Beira Port Grain Terminal in neighboring Mozambique, the Daily News reported.
The sales will help CFI offset “expensive local debt,” the Harare-based newspaper said, citing the company.
The Zimbabwe Stock Exchange has agreed to allow CFI to delay publishing its 2011 results until the sales are concluded, the Daily News said. CFI owns milling, poultry, veterinary and grocery outlets in Zimbabwe.
To contact the reporter on this story: Brian Latham in Johannesburg at blatham@bloomberg.net
To contact the editor responsible for this story: Antony Sguazzin on at asguazzin@bloomberg.net
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