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ZCCM Investments ups stake in Zambia's Investrust Bank

ZCCM Investments Holdings PLC's mandatory offer to acquire Zambia-based Investrust Bank Plc closed with a total of 2,125,890 shares tendered for sale, representing 26% of the bank's total shares.

The mandatory offer, which opened April 9 and closed April 30, increased ZCCM Investments Holdings' stake in Investrust to 71.4% from 45.4%.