ABC minorities spurn Atlas Mara offer

Shareholders holding 1.3 percent (3.34 million shares) of Pan African banking group ABC Holdings have declined a mandatory takeover offer from UK firm Atlas Mara.

In September, Atlas Mara made a mandatory offer to minority shareholders of ABCH constituting 4,2 percent of the banking group’s share capital.

This came after Atlas Mara had acquired 95,8 percent in the banking group with operations in Zimbabwe, Botswana, Zambia, Mozambique and Tanzania under the BancABC brand.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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