Atlas Mara completes acquisition of Finance Bank Zambia

Industry: ,    2016-07-04

Atlas Mara Ltd :

* Completion of acquisition of 100 pct of Finance Bank Zambia Limited and its subsidiaries

* Deal of about $61 million in cash and 3.3 million Atlas Mara shares, not including deferred contingent consideration of up to 1.3 million Atlas Mara shares

* FBZ will be combined with Atlas Mara’s Zambian subsidiary with pro forma combined assets as at Dec. 31, 2015, of approximately $567 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136).

http://www.reuters.com/article/idUSFWN19M0Z3

print
Source: