Bloomberg: Zambia to Sell 30% Stake in Linde’s Local Gases Unit This Year

Zambia will this year sell its 30 percent stake in the local unit of Germany’s Linde AG, the biggest gases supplier in southern Africa, with the stock priced at a “deep discount” to benefit citizens, the government said.

Zambia’s Industrial Development Corp. is leading the sale process, which will prioritize economic empowerment for citizens over raising funds for the government, Charles Mate, corporate affairs director at the state-owned IDC, said by phone Friday. The sale may be completed by the end of June, he said.

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