12th Oct 2010 08:00
RNS STATEMENT
12 October 2010
Masawara PLC
("Masawara" or the "Company")
Proposed Investment
Masawara PLC (AIM:MASA), the AIM Listed investment company, is pleased to announce that it has agreed in principle to take a significant holding in BP and Shell Marketing Services (Private) Limited ("Shell") in Zimbabwe, subject to regulatory approval (the "Investment").
BP and Shell in Zimbabwe comprise 73 retail sites, storage capacity of approximately 59.5 million litres of product across ten strategic centres in Zimbabwe and a total staff complement of 87 employees.
The Investment remains subject to approval by the various regulatory bodies in Zimbabwe.
Following regulatory approval the full details of the Investment will be announced to the market.
About Masawara:
Masawara is an investment company focused on growth opportunities primarily in Zimbabwe and is listed on the AIM market of the London Stock Exchange. The Company is pursuing high quality new investment opportunities in Zimbabwe to add to a portfolio of existing investments.
For more information contact:
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Masawara plc Shingai Mutasa
Cenkos Securities plc (Nominated adviser and broker) Max Hartley/Elizabeth Bowman
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+263 772 238821
+44 20 7397 8900
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Related Shares:
Masawara