Economic Justice | Mozambique
Mozambique: LonZim acquires 79 percent of Macuti Tourist Village
Macauhub - Macau,China
London, United Kingdom, 21 Feb – British-owned company LonZim said Wednesday in London that it had acquired a 79 percent stake in the Macuti Tourist Village (ATdeM), in the Mozambican province of Beira, for US$4.25 million. ATdeM is the owner of the historical Dom Carlos and Estoril hotels located in a 300000 square meter beach front plot in Beira, central Mozambique. LonZim, a subsidiary of British group Lonhro, for investment in Zimbabwe and the Beira corridor in Mozambique, also said that it would pull down the two hotels and build a luxury hotel in its place. The remaining 21 percent of ATdeM will remain in the hands of state holding company Igepe, with 11.4 percent, and the municipality of Beira, with 9.6 percent ...
Macauhub - Macau,China
London, United Kingdom, 21 Feb – British-owned company LonZim said Wednesday in London that it had acquired a 79 percent stake in the Macuti Tourist Village (ATdeM), in the Mozambican province of Beira, for US$4.25 million. ATdeM is the owner of the historical Dom Carlos and Estoril hotels located in a 300000 square meter beach front plot in Beira, central Mozambique. LonZim, a subsidiary of British group Lonhro, for investment in Zimbabwe and the Beira corridor in Mozambique, also said that it would pull down the two hotels and build a luxury hotel in its place. The remaining 21 percent of ATdeM will remain in the hands of state holding company Igepe, with 11.4 percent, and the municipality of Beira, with 9.6 percent ...
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