Pamodzi Hotels goes to Dubai firm

TRYNESS TEMBO
Lusaka
PAMODZI Hotels Plc, which operates as Taj Pamodzi Hotel, now has new owners following the sale of 90 percent shares to ASB Hospitality at US$18 million.
The closing of the transaction is subject to the terms and conditions set out in the share purchase agreement between the parties and to customary regulatory approvals required both in Zambia and the United Arab Emirates (UAE).
This is according to a further cautionary announcement issued by the Lusaka Securities Exchange (LuSE)…https://enews.daily-mail.co.zm/welcome/home