Bob Diamond and Ashish Thakkar's Atlas Mara Buys 21% Stake in Union Bank of Nigeria for $240M

Bob Diamond, CEO of Atlas Mara and Former CEO of Barclays

Bob Diamond’s Atlas Mara Co-Nvest said on Friday it had exercised an option to buy a 20.9% stake in Union Bank of Nigeria for $270 million, taking its interest to 29.9%.

Union Bank of Nigeria provides a broad range of banking services to retail and commercial customers, predominantly in Nigeria, sub-Saharan Africa’s largest economy.

Read more: Atlas Mara Buys 21% Stake in Union Bank of Nigeria for $270m – Frontier Markets News – Emerging & Growth Markets – WSJ.

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