Zimplow shares spike on new acquisitions

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ZIMPLOW Holdings (Zimplow) has gained 20 percent on the Zimbabwe Stock Exchange (ZSE) since it concluded the acquisition of four assets in a diversification drive.

The acquisition of Scanlink, Tredcor Zimbabwe, Birmingham Investments and an industrial property Willowvale, Harare was approved by shareholders late last year, but only recently fulfilled conditions precedent, with Zimplow announcing the close of the deal on July 29.