Diamond sells 35% of Atlas Mara to raise Money for Nigeria

by | June 21, 2017 1:34 pm

Atlas Mara Ltd., the company co-founded by former Barclays Plc head Bob Diamond, plans to sell a 35 percent stake to Fairfax Africa Holdings Corp. so it can increase its stake in a Nigerian bank. Atlas Mara will raise $200 million selling new shares to existing shareholders and Fairfax Africa and by issuing a convertible bond…

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