Shareholder shake-up looms at ZB

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ZB FINANCIAL Holdings (ZB), which rebranded last week, says one of its shareholders is set to acquire a controlling stake.
In a statement last week, the group said the shareholder is currently “engaged in negotiations for a potential acquisition of a control block of securities”.

‘Control block’ commonly refers to equity representing either a majority of a company’s shares, or a portion of the shares that is significant enough to allow a controlling influence on the decisions made by the company.