IN BRIEF: Old Mutual backs secondary listing switch in Zimbabwe
Old Mutual Ltd - Anglo-South African financial services firm - Intends to proceed with the transfer of its secondary listing in Zimbabwe to the Victoria Falls Stock Exchange or VFEX from the Zimbabwe Stock Exchange or ZSE. Says the migration is subject to regulatory approvals. Notes that the move will benefit its Zimbabwean shareholders as its shares have been suspended since 2020 on the ZSE. Old Mutual says the VFEX has developed sufficient scale and liquidity as a viable alternative trading platform to the ZSE. Read More