REIZ Zambia Says Tradehold Unit Seeks Minimum 51% Stake

February 17, 2016

Real Estate Investments Zambia receives updated firm offer, co. says in statement e-mailed by Lusaka Stock Exchange.

* Initial offer made by Tradehold Africa, unit of JSE-listed Tradehold, and Heriot Properties; Heriot no longer an offeror, will manage Zambia properties if offer successful;
* Stockbrokers Zambia appointed to act as independent financial advisers to REIZ. Source: Bloomberg