ZIM zimplats holdings limited

News: Zimplats sells 10 percent in subsidiary to employees for $95 million

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    HARARE, Feb 1 (Reuters) - Zimbabwe's largest platinum producer Zimplats (ZIM) said on Wednesday it had sold a 10 percent stake in its subsidiary Zimbabwe Platinum Mines to employees for $95 million.

    The deal was financed by a loan from the mining subsidiary to an employee trust and will be repaid from future dividends, Zimplats said in a statement.

 
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