Atlas Mara completes acquisition of ADC ++ Readmission to trading of Atlas Mara on 27 August 2014
DGAP-News: ADC African Development Corporation AG / Schlagwort(e):
Übernahmeangebot/Firmenzusammenschluss
Atlas Mara completes acquisition of ADC ++ Readmission to trading of
Atlas Mara on 27 August 2014
22.08.2014 / 12:43
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ADC African Development Corporation AG ("ADC") is pleased to announce that
Atlas Mara Co-Nvest Limited ("Atlas Mara") closed its acquisition of a
95.17% stake in ADC through a share swap on 20 August 2014.
Atlas Mara's readmission prospectus was approved on 21 August 2014 and an
application filed for readmission to trading on the London Stock Exchange's
main market for listed securities. It is expected that readmission of Atlas
Mara will become effective on 27 August 2014.
The readmission prospectus can be found on the Atlas Mara website:
www.atlasmara.com
About ADC
ADC African Development Corporation is a German listed, emerging
pan-African banking group. ADC has a strong footprint in Southern Africa
via BancABC, a regional commercial banking platform operating in Botswana,
Mozambique, Tanzania, Zambia and Zimbabwe as well as in West Africa via
Union Bank of Nigeria. Parallel to its banking operations, ADC has a
private equity portfolio active in growth markets across sub-Saharan
Africa.
About Atlas Mara
Atlas Mara was formed by Bob Diamond, Founder of Atlas Merchant Capital LLC
and Ashish J. Thakkar, Founder of Mara Group Holdings Limited, and listed
on the main market of the London Stock Exchange in December 2013. The
stated strategy of the Company is that, following an acquisition, it will
operate the acquired business and implement a strategy with a view to
generating value for its shareholders through operational improvements, as
well as, potentially, through additional complementary acquisitions. The
Directors believe that there are significant gaps in the financial services
sector in Africa today at a critical period of growth, including the need
for capital created by European financial institutions retreating to their
home territories due to the sovereign debt crisis and the Basel III
regulatory framework. This situation presents opportunities for Atlas Mara
to create a financial institution that provides leadership, liquidity,
access to investors, product innovation, and technology to support economic
growth and strengthen financial systems in Africa. For more information,
visit the Company's website at www.atlasmara.com.
Kontakt:
Investor Relations
investor-relations@african-development.com
T +49 69 719 12 80 119
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Sprache: Deutsch
Unternehmen: ADC African Development Corporation AG
Grüneburgweg 18
60322 Frankfurt/Main
Deutschland
Telefon: +49 69 719 12 80 119
Fax: +49 69 719 12 80 115
E-Mail: info@african-development.com
Internet: www.african-development.com
ISIN: DE000A1E8NW9
WKN: A1E8NW
Börsen: Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open
Market (Entry Standard)
Ende der Mitteilung DGAP News-Service
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