NMBZ hints at major deal, advises caution for Inve...

NMBZ hints at major deal, advises caution for Investors

Nyashadzashe Ndoro

NMBZ Holdings Limited, one of the leading commercial banking companies in Zimbabwe, is in talks to acquire another business, according to a statement released by the company’s directors.

The potential acquisition could have a significant impact on the price of NMBZ’s stock, but the full extent of that impact is still being determined.

The company has advised shareholders to be cautious when trading their shares until a more detailed announcement is made. This is likely because the acquisition could affect the future value of the company, and shareholders may want to wait to see how the deal plays out before buying or selling their shares.

“The Directors of NMBZ Holdings Limited (‘the Company’) wish to advise all shareholders and the investing public that the Company is involved in negotiations for a potential acquisition of a complementary business.

“The acquisition, if successfully concluded, may have a material effect on the price of the Company’s securities, the full impact of which is currently being determined.

“Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until a full announcement is made,” Violet Mutandwa, the group company secretary, said

The acquisition is not yet finalised, but the fact that the Zimbabwe Stock Exchange listed company is even considering such a move seemingly suggests that the company’s directors believe it could be a good opportunity for the company.