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British entrepreneur van Hoogstraten relinquish Falcon Gold stake
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British business tycoon, Nicholas van Hoogstraten, is now $4.5 million richer after he disposed of his 57 percent stake in Zimbabwe's Falcon Gold. van Hoogstraten, who was the majority shareholder in the mining firm, said he had decided to de-invest from the company because he had been offered a very good price for the shares.
His recent de-investment in Falcon Gold has left the controversial businessman with only a 1 percent stake in Halogen Holdings through Edwards Nominees. Halogen, which is listed on both the Zimbabwe and Johannesburg Stock Exchanges, was the major shareholder in Falcon.
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Van Hoogstraten possess vast commercial interests in both Zimbabwe and England, particularly in the property sectors. His Zimbabwe empire comprises of his 35 percent equity in Hwange Colliery Company Limited, Rainbow Tourism Group (40 percent) and CFI Holdings, among others.
However, van Hoogstraten's bid to take up his 40 percent stake in NMB Bank suffered a major setback after the bank's management pooled their equity into a family trust in addition to denying the Englishman the chance to underwrite the group's $100 million rights offer last year.
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