Atlas Mara Boosts Stake in Union Bank of Nigeria to 48%

 In news

Shareholding in Union Bank of Nigeria increases to 48% from 44%, London-listed Atlas Mara says in statement.

* Atlas Mara fully subscribed to Union Bank’s rights issue and acquired additional shares representing a 3.5% shareholding at a combined cost of $75 million;
* “We are very pleased to have increased our stake in UBN at a time when leading indicators for Nigeria’s macroeconomic performance continue to show improvement,” Bob Diamond, chairman of Atlas Mara and former CEO of Barclays, says in statement;
* NOTE: Link to Statement: Atlas Mara Limited ATMA Statement re Atlas Mara Increases Stake in UBN. Source: Bloomberg


Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text.

Start typing and press Enter to search