FBC bids for Homelink

bank.
The RBZ is in the process of selling its shareholdings in non-core businesses.
“FBC Holdings is bidding for Homelink,” said a source, insisting on anonymity. “Their bid came way after the deadline but it has been accepted for consideration.” 
RBZ set June 30 as the deadline for the submission of bids.
FBCH did not respond to questions  sent by this paper by the time of going to print.
It could not be immediately established how much FBC was prepared to pay for the stake.
The RBZ has already sold its 59 percent stake in Zimbabwe Stock Exchange-listed Tractive Power Holdings to Zimplow  Limited in a deal worth about US$10 million.
Bids were also invited for the sale of 65 percent in ZSE-listed Astra Holdings and 64 percent in Cairns Holdings.
Cairns and Astra have a combined value of about US$8,3 million at the current market capitalisation.
The central bank is also selling a 70 percent stake in Tuli Coal Mine in Beitbridge, about 50 percent shareholding in Transload (Private) Limited, 65 percent equity in Scientific Research and Industrial Development and its 100 percent shareholding in Carslone Enterprises.
Homelink was incorporated in February 2005 with the primary objective of mobilising foreign currency remittances from the Diaspora when Zimbabwe was facing serious foreign currency shortages.
Over the years, the company has adapted to the changing business environment and transformed itself into a financial services company.
It has also widened its market to include local Zimbabweans. The company is offering a wide range of financial services products, which include home loans, micro-financing, property construction, property management and money transfer services.