ZCCM Investments Holdings Plc (ENXTPA:MLZAM) agreed to acquire 25% of stake in Kagem Mining Limited from Industrial Development Corporation (Zambia) Limited on June 14, 2021. ZCCM Investments Holdings Plc will transfer its entire 71.4 % of issued share capital in Investrust Bank PLC and its entire 100% of issued share capital and shareholder loan in Mushe Milling Limited to Industrial Development Corporation (Zambia) Limited at market value and on an arm's length basis, and simultaneously acquire the IDC's 25% of issued share capital in Kagem Mining Limited at fair value and on an arm's length  basis, at a total net consideration of $19 million as final settlement and net  payment by ZCCM Investments Holdings Plc to Industrial Development Corporation (Zambia) Limited. As per disclosure of June 18, 2021, the transaction is expected to be close by June 2021.