Investment Company Arise Acquires 69m Shares in NMBZ Holdings

Arise, an investment company that was formed by Norfund, Dutch development fund FMO and Rabobank, has taken over 69.14m shares previously held by Norfund and FMO in NMBZ Holdings of Zimbabwe, NMBZ says in emailed statement.

* Arise becomes second-largest shareholder in NMBZ with 17.98% of shares;
* Transaction has been approved by regulatory authorities in Zimbabwe. Source: Bloomberg