Atlas complete acquisition of BancABC

ABC group CEO, Douglas Munatsi said 96 percent of the bank’s shares have already been snapped up by the London Stock Exchange listed firm and only four percent of shares would be finalised after a shareholder vote.

In connection with these transactions, Atlas Mara’s ordinary shares and warrants were temporarily suspended from trading on April 1, when the company announced its intention to acquire a majority of BancABC and make a voluntarily public offer to acquire 100 percent of African Development Corporation (ADC).