adminconsortium called Hemistar, which is supported by a technical partner from South Africa called Kansai Plascon.
It was not clear whether the consortium would immediately make an offer to minorities.
The RBZ late last year re-invited tenders for the disposal of its shareholding in food processor Cairns Holdings Limited and paint maker Astra Industries Limited, as the central bank moved to shed quasi-fiscal operations.
The move was part of the bank’s strategy of offloading all non-core assets.
Through Fintrust, the RBZ held a 63,58 percent stake in Cairns and 63,96 percent in Astra.
Cairns, which is under judicial management, is a food and beverages company while Astra has interests in paint, steel and chemicals. -New Ziana.
Online Reporter