MawereSibanda were advisors on Zimplow Holdings Limited’s acquisition of the entire issued share capital of Scanlink (Private) Limited, Tredcor Zimbabwe (Private) Limited, Birmingham Investments (Private) Limited, and Stand 30001 Dagenham Road, Willowvale Township, Harare in exchange for an issuance of Zimplow Holdings Limited ordinary shares listed on the Zimbabwe Stock Exchange.
Tatenda Mawere, Senior Partner said, “We are pleased to have advised Zimplow Holdings Limited on its strategic acquisition which will result in strengthening of Zimplow’s market presence through expansion of its product offering into long haulage trucks, buses and tyres.”
Zimplow is a Zimbabwe Stock Exchange listed company which has a portfolio of complementary businesses and brands focused on manufacturing and distributing farming, mining and construction industry implements. The business of Scanlink is focused on distributing large vehicles, long range buses, coaches and generators with the main customers being in the mining industry. Tredcor Zimbabwe is a business focused on the distribution of Goodyear tyres and the retreading of a variety of brands. The acquisitions will provide the Company with increased product diversity and market share in the transport and logistics industry.
Senior Partner Tatenda Mawere led on the transaction with support from Partner Kelvin T. Madzedze, Associate Partner Abigail Mbuyisa and Associate Kundai Mari.