THE Reserve Bank of Zimbabwe (RBZ) has invited bids for its entire shareholding in Homelink Private Limited as it continues to dispose of assets not related to its core functions.
Homelink was set up in 2004 to facilitate property development and investment for Zimbabweans in the Diaspora.
KM Financial Solutions (Pvt) Ltd have been appointed financial advisors for the disposal and individuals and corporate investors have up to July 16 to indicate firm interest.
“Consistent with the Reserve Bank of Zimbabwe Act (Chapter 22:15) which requires that the Reserve Bank of Zimbabwe disposes of its assets not related to its core functions, the Reserve Bank hereby notifies the public that it intends to re-tender the disposal of its 100 per cent shareholding in Homelink (Pvt) Ltd,” the RBZ said in a statement.
“Preference will be given to bidders that offer competitive prices and commit to settling immediately upon winning the bid.”
The central bank has put several of its investments held through the Finance Trust of Zimbabwe up for sale as it bids to reduce its own debts said to be more than one billion dollars.
A deal was recently concluded for the sale of the bank’s 57 per cent interest in Tractive Holdings to Zimplow for about US$9.7 million.
Cairns Holdings, another listed entity, recently indicated that negotiations were also at an advanced state for the RBZ to exit the group in which it holds a majority 63.3 per cent shareholding.