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Zimre acquires Fidelity Life

This follows purchase of an additional 35 percent stake in Fidelity. In September, ZHL tabled a share purchase agreement with shareholders of Fidelity as well as those of property firm, Zimre Property Investment (ZPI) to give the group total control of the two firms. In a joint statement ZHL and Fidelity said: “Shareholders are advised that Zimre Holdings Limited (ZHL) has acquired a control block in Fidelity Life Assurance Company Limited (FLA) and the full impact thereof is being determined. “In the meantime shareholders are advised to exercise caution when dealing in the securities of both FLA and ZHL until a full announcement is made.”

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