Investor snaps up IDC assets
…Units to exit judicial management
TINASHE MAKICHI A local investor, Valleco, has acquired two companies owned by the Industrial Development Corporation of Zimbabwe (IDCZ) for an undisclosed amount, Business Times can report. The two textile companies—Travan Blankets and Irazim Textiles—were operating under Modzone Enterprises, a joint venture between the government of Zimbabwe and Iran through IDCZ and Iran Pension Fund, respectively. The companies…
