Lonrho to raise £70m for Zim investment vehicle
Thématique :
zimbabwe
By Mariaan Olivier, Engineering News, 01/11/2007
African investment firm Lonrho has appointed Renaissance Capital as its placement agent to raise some £70-million (around R950-million) for LonZim, the company's proposed investment vehicle for Zimbabwe.
Lonrho said on Thursday that Renaissance Capital, an emerging market and African specialist, had knowledge of the international investor appetite for Africa.
"I am delighted that Renaissance Capital has agreed to act for the placement of LonZim. Their knowledge of Africa and its unique opportunities, combined with their worldwide presence are an ideal combination to ensure that LonZim attracts the widest base of global investors possible," chairperson David Lenigas said.
LonZim's principal focus will be to acquire a portfolio of commercial property projects and investments in assets and companies in Zimbabwe.
African investment firm Lonrho has appointed Renaissance Capital as its placement agent to raise some £70-million (around R950-million) for LonZim, the company's proposed investment vehicle for Zimbabwe.
Lonrho said on Thursday that Renaissance Capital, an emerging market and African specialist, had knowledge of the international investor appetite for Africa.
"I am delighted that Renaissance Capital has agreed to act for the placement of LonZim. Their knowledge of Africa and its unique opportunities, combined with their worldwide presence are an ideal combination to ensure that LonZim attracts the widest base of global investors possible," chairperson David Lenigas said.
LonZim's principal focus will be to acquire a portfolio of commercial property projects and investments in assets and companies in Zimbabwe.
