Digital Telegraph Correspondent
Zimbabwe Stock Exchange-listed private equity firm, BridgeFort Capital Limited (BCL) says the company is in the process of concluding transaction agreements for the acquisition of certain predominantly South African based business from Diaspora Kapita Proprietary Limited.
In a statement on Thursday, the company said the deal, if successfully concluded, may have a material effect on the price of the company’s securities.
“Further to the cautionary announcement issued on 7 December 2023, Class A Preferred Shareholders are advised that the company is in the process of concluding transaction agreements for the acquisition of certain predominantly South African based business from Diaspora Kapita Proprietary Limited.
These businesses are involved in financial services and fintech.
“The envisaged transaction involves the Class A Preferred Shares and is likely to also include the disposal of the company’s interest in the current underlying asset, being MedTech, as well as a simultaneous transfer of the listing to the Victoria Falls Stock Exchange.
”In June 2022, the company rebranded from MedTech holdings to BridgeFort Capital as it seeks to attract additional funding for its operations.
As a result of the official change in the name of the company, the shares traded on the ZSE with new abbreviations which were, BFCA (BridgeFort Capital Limited Class A — Consumer Goods) and BFCB (BridgeFort Capital Limited Class B
