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Search Atlas Mara Limited, ABC Holdings Limited and Access Bank Plc sign share purchase agreement for the acquisition of BancABC 21st April 2021 Gaborone 19 April 2021 – Atlas Mara Limited (“Atlas Mara”), ABC Holdings Limited (“ABCH”) and Access Bank Plc (“Access Bank”) announced that they have entered into a definitive agreement regarding a proposed acquisition of 78.15% of the issued share capital of African Banking Corporation of Botswana Limited (“BancABC Botswana”) by Access Bank. The transaction is expected to conclude in the first half of 2021, subject to the fulfillment of various customary conditions precedent including certain regulatory requirements by the Bank of Botswana and consents from other relevant authorities and certain counterparties. ....
Atlas Mara Limited ( Atlas Mara or the Company and including its subsidiaries, the Group ), the sub-Saharan African financial services group, announces that its subsidiary, ABC Holdings Limited ( ABCH ), has entered into definitive agreements with Access Bank Plc ( Access Bank ) for the sale of ABCH s holdings in African Banking Corporation Botswana ( BancABC Botswana ) (the Transaction ). The Transaction is subject to fulfillment of various customary conditions precedent including certain regulatory requirements and consents from other relevant authorities and certain counterparties. As part of the Transaction, Access Bank will acquire ABCH s 78.15% shareholding in BancABC Botswana for cash consideration representing approximately 1.13 times book value including a deferred portion payable 24 months after closing of the transaction, subject to certain conditions. The Transaction is expected to conclude in the second quarter of 2021 ....
Atlas Mara Limited Announces Strategic Transaction with Access Bank Plc streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.