TSL Zimbabwe Stake Bought by Foreign Investor, Herald Reports
Shares in the company sold for 9 cents each, the Herald said. Foreigners accounted for 94 percent of trade on the Zimbabwe Stock Exchange on July 20, it said.
TSL owns the world’s largest tobacco auction floor and competes with closely held Burley Marketing (Pvt) Ltd. and with merchants such as Richmond, Virginia-based Universal Corp., which buys leaves directly from farmers.
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