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Strategis seeks ZSE listing

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HEALTHCARE delivery services group Strategis Holdings Ltd (Strategis) is mulling listing on the Zimbabwe Stock Exchange (ZSE) once approval has been granted.

=”Verdana, Arial, Helvetica, sans-serif”>”We have applied for listing and are awaiting a response from the ZSE,” group corporate affairs and marketing manager Tendai Jambwa told businessdigest.

She said once approval was granted and a listing date set, the group would work on the capital raising initiatives.

“Once we have the approval and the date, we will announce dates for the capital raising initiative,” Jambwa said.

The move follows market speculation of atakeover bid by management and a consortiumof indigenous businessmen. The consortiumis understood to be on the verge of acquiring a controlling stake in the healthcare group.

It is also reliably understood that the listing is part of the Trans Zambezi Industries (TZI)’s unbundling process.

In pursuit of the demerger strategy the TZI has already unbundled Art Corporation which is performing well on the stock market.

At the time of Art Corp’s demerger TZI management indicated that it would follow the same routine in dealing with Strategis.

Strategis chief executive officer Farai Mparadzi however, denied knowledge of the takeover bid.

“There has not been any bid,” he said. “None. It’s only speculation. If there is anything of that sort we will follow the proper channels in informing shareholders.”

Strategis is on a rollout programme aimed at consolidating its position in the market.

The group said negotiations to acquire Zimpharm were underway and results would be announced soon.

Strategis has under its belt indigenous medical facilities in Zimbabwe such as West End Hospital, South Medical Hospital in Chitungwiza, Medical Air Rescue Services (Mars), Suburban Medical Centre (Warren Park) and Strategis Health and Life.

Zimpharm, on the other hand, owns several pharmacies countrywide.

Analysts said the take-over would result in Strategis becoming a medical powerhouse in Zimbabwe at a time when the fraternity is experiencing difficulties resulting from acute foreign currency shortages.

Jambwa said negotiations were also underway to spread regionally to Malawi and Zambia.

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