FMB Capital Holdings PLC (MAL:FMBCH) acquired 81% stake in Afcarme Zimbabwe Holdings (Pvt.) Limited from Barclays Bank PLC on October 10, 2017. Post-acquisition Barclays Bank will hold 19% stake in Afcarme for a period of up to three years. The acquisition is a part of the transaction announced on May 30, 2017, where FMB Capital Holdings Plc and employee share ownership trust (ESOT) agreed to acquire 57% stake in Barclays Bank of Zimbabwe Limited from Barclays PLC. As a result of the transaction, FMB Capital Holdings will have an effective 42.7% and Barclays an effective 10% 'look through' ownership in Barclays Bank of Zimbabwe Limited. The transaction has been approved by Zimbabwean statutory and regulatory authority. FMB Capital Holdings PLC (MAL:FMBCH) completed the acquisition of 81% stake in Afcarme Zimbabwe Holdings (Pvt.) Limited from Barclays Bank PLC on October 10, 2017.