Fundraising17 May 2014 20:14
BLOOMBERG 14th May:
Atlas Mara Co-Nvest Ltd. (ATMA), the investment firm backed by former Barclays Plc (BARC) Chief Executive Officer Robert Diamond, disclosed plans for a share sale that would raise about $400 million for future acquisitions.
The company will sell 36.5 million shares for $11 apiece to investors, Atlas Mara said in a statement yesterday.
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Dilution. More capital. Good or bad for those of us who reckon Diamond should be the man to make money out of African banking? I have no idea, but on balance if it means the pace is hotting up, then that is surely good.