Atlas Mara says Nigerian and Middle East banks among suitors for Africa assets
Company started by Bob Diamond says it has completed its restructuring process, and extended a standstill agreement with its creditors to May 17
05 May 2021 - 21:03
Atlas Mara, the pan-African banking group started by Bob Diamond, has drawn interest from Nigerian and Middle Eastern lenders for its remaining assets on the continent, according to people familiar with the matter.
The London-listed group has received a number of approaches for its 49.97% holding in Lagos-based Union Bank of Nigeria, the people said, asking not to be identified as the talks are private. Nigeria’s Zenith Bank and Access Bank are among suitors that have expressed interest, alongside other African rivals such as Morocco’s Attijariwafa Bank, the people said...
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