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IN BRIEF: Atlas Mara to leave London Stock Exchange next month

Mon, 25th Oct 2021 19:17

Atlas Mara Ltd - lender with operations in sub-Saharan Africa - Says to delist from London Stock Exchange with effect November 24. Explains: "Given the material progress made in the strategic review and the previously announced requirement by the majority of the company's creditors who, pursuant to the support and override agreement require the company to consider taking steps to cancel the listing, the company has determined to delist from the London Stock Exchange." Plans to put in place secondary trading facility upon delisting but cautions it may not have comparable degree of liquidity.

Current stock price: USD0.30

Year-to-date change: up 9.3%

By Eric Cunha; ericcunha@alliancenews.com

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8 Apr 2014 07:29

UK MORNING BRIEFING: Bob Diamond Recruits CEO From Barclays

LONDON (Alliance News) - UK shares have opened lower Tuesday on a weak lead from the US and renewed concerns about Ukraine.

Barclays PLC has reached a settlement with Guardian Care Homes ahead of a court case that was being seen as the measure of whether customers w

7 Apr 2014 10:06

TOP NEWS: Glaxo Investigating Its Conduct In Iraq - Reports

LONDON (Alliance News) - The following is a summary of top news stories Monday.
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COMPANIES
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British drugmaker GlaxoSmithKline PLC is investigating claims of improper conduct related to its business in Iraq, less than a y

7 Apr 2014 07:38

UK MORNING BRIEFING: Shares Led Lower; Kentz Receives Contract

LONDON (Alliance News) - Weak leads from the US and Asia have combined with continued tensions in the Ukraine to depress UK shares at the open Monday.

Among UK corporate news at the start of the week, Kentz said it has been awarded a USD570 million services contract

7 Apr 2014 06:34

PRESS: Bob Diamond's Atlas Mara Agrees To Buy 2nd African Bank - FT

LONDON (Alliance News) - Atlas Mara Co-Nvest Ltd, the investment firm listed on the London Stock Exchange by former Barclays PLC Chief Executive Bob Diamond, has announced its second acquisition of an African bank in as many weeks, the Financial Times reported. The FT said Atlas Mara announ

1 Apr 2014 05:14

Atlas Mara To Acquire ABC Holdings And ADC African Development Corporation For Up To USD265 Million

LONDON (Alliance News) - Atlas Mara Co-Nvest Ltd Monday said it has agreed to acquire a majority stake in sub-Saharan African bank ABC Holdings Ltd (Banc ABC) and ADC African Development Corporation AG for up to USD265 million in cash and shares. In a statement, Atlas Mara, co-founded by ex

31 Mar 2014 11:33

Atlas Mara proposes first acquisitions

Atlas Mara, the African banking company co-founded by former Barclays boss Bob Diamond, has agreed its first two acquisitions. Diamond and co-founder Ashish Thakkar have signed agreements to acquire a majority of BancABC and ADC African Development Corporation for $265m in cash and Atlas Mara shar

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IN BRIEF: Atlas Mara to leave London Stock Exchange next month

UK MORNING BRIEFING: Bob Diamond Recruits CEO From Barclays

TOP NEWS: Glaxo Investigating Its Conduct In Iraq - Reports

UK MORNING BRIEFING: Shares Led Lower; Kentz Receives Contract

PRESS: Bob Diamond's Atlas Mara Agrees To Buy 2nd African Bank - FT

Atlas Mara To Acquire ABC Holdings And ADC African Development Corporation For Up To USD265 Million

Atlas Mara proposes first acquisitions

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