ZB Financial Holdings chases Standard Chartered Bank Zim

IT HAS emerged that ZB Financial Holdings (ZBFH) is among the leading bidders for Standard Chartered Bank Zimbabwe (Stanchart), with discussions between the two parties believed to be now at the level of the evaluation of the former’s offer.
This comes as sources have told The Financial Gazette that ZBFH also approached Standard Chartered Bank in mid-2022 with a view to acquiring Stanchart’s 24,78 percent interest in Mashonaland Holdings (Mash) — as part of its consolidation strategy in the property investment and development company.

ZBFH is the controlling shareholder in Mash. It has since made a mandatory buyout offer to minority shareholders in the company, which runs until the end of this week, with the major financial services group keen to improve the performance of the propert