CBZHL / ZBFHL deal in limbo
….as CTC imposes stringent conditions precedent
LIVINGSTONE MARUFU The proposed merger between CBZ Holdings Limited (CBZHL) and ZB Financial Holdings Limited (ZBFHL), meant to create Zimbabwe’s largest financial institution,is on the verge of collapse. This follows the imposition of stringent conditions precedent by the Competition and Tariff Commission (CTC) , raising doubts about the feasibility of the deal. Although, there has…
