Zimbabwe Mining Development Corporation (ZMDC) has also joined the race to acquire 58% stake in Turnall Holdings Ltd from FBC Holding, Inc. Sources said ZMDC seeks to regain controlling interest in Turnall after FBC decided to divest in line with Reserve Bank requirements for banks to concentrate on core business. "ZMDC has submitted a bid because, traditionally, SMM Holdings was the majority shareholder in Turnall before SMM borrowed from FBC (and) the loan was secured against the Turnall equity. FBC is now selling because the RBZ said banks should focus on core business,” the source said.