JOURNAL ARTICLE

Econet/Ecocash scheme of arrangement taking shape.

  • Published In: Business Weekly (Knowledge Bylanes), 2024. P. N.PAG 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

The scheme of reconstruction between Econet and EcoCash Holdings is progressing after receiving approval from shareholders and is now awaiting regulatory approvals. The scheme involves transferring financial technology businesses from EcoCash to Econet in exchange for ZW509 billion and Econet Treasury Shares. The transfer of assets can impact share prices and financial performance, potentially attracting more investors or eroding investor confidence. The impact of the transaction on Econet shareholders is uncertain, with potential decreases in earnings per share and upside potential. However, Ecocash Holdings has seen revenue growth in recent quarters. [Extracted from the article]

Additional Information

  • Source:Business Weekly (Knowledge Bylanes). 2024/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:176954952
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