ZCCM-IH appoints UK-based corporate advisory partners to improve listing optimisation process
Zambian mining and investment company ZCCM Investments Holdings (ZCCM-IH) has appointed London-based corporate advisory company Bowsprit Partners as its financial adviser and corporate broker in the UK, with immediate effect.
The company has also appointed London-based stockbroking company Stockbrokers Zambia as its financial adviser on the listing optimisation process in respect of the Lusaka Securities Exchange (LuSE) in Zambia.
Bowsprit Partners, a long-standing adviser of the company, is a member of the LSE and holds a number of international market accreditations, including listing sponsor status for the Euronext Growth and Euronext Access markets in Paris, France; Brussels, Belgium; Lisbon, Portugal; Dublin, Ireland; Oslo, Norway; and Stockholm, Sweden.
ZCCM-IH adds that Stockbrokers Zambia plays a significant role in supporting the development of capital markets in Zambia.
Outlining ZCCM-IH’s long-term strategy for growth and access to global markets, CEO Kakenenwa Muyangwa says the company aims to increase its market capitalisation from about $1.4-billion to about $7-billion over the next decade.
He adds that ZCCM-IH’s objectives are also to increase its production of copper, broaden its international shareholder base, improve liquidity in its overall listing and support future growth through enhanced access to international capital markets.
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