Zimbabwe Stock Exchange listed,CFI Holdings Limited has started negotiations with potential investors to take up stakes in two of its subsidiaries, Victoria Foods and Crest Poultry Group.

CFI said it had already signed non-disclosure agreements with interested partners and a due diligence process has commenced.

The company intends to raise over $8 million through the disposal of non-core assets to retire expensive debts and finance working capital.

CFI has since received regulatory approvals for the disposal of its shareholding in Beira Grain Terminal and Windmill.

CFI has concluded the disposal of irrigation equipment firm Dore & Pitt.

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