$$BDO.LiveSite.Deals.DealType$$M&A
$$BDO.LiveSite.Deals.Industry$$Financial Services
The BDO M&A team in Zimbabwe acted as independent financial advisors to CBZ Holdings Limited in its acquisition of a 31.22% stake of First Mutual Holdings Limited. CBZ Holdings is Zimbawe's largest banking institution by assets and deposits. Going forward, CBZ has expressed intention to consolidate its position by acquiring a control block in the property and insurance firm.