Source: Kenyan Wallstreet

Equity Bank: Equity Group Pulls Out of Atlas Mara Acquisition Deal

Atlas Mara acquisition by Equity Group has flopped as the two firms have mutually agreed to discontinue acquisition transaction discussions citing the need to refine EGH's strategy given the COVID19 pandemic. Equity Group proposed to acquire Atlas Mara banking assets in Rwanda, Tanzania, Zambia, and Mozambique. In exchange, Atlas Mara was to get shares in [...]

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James Mwangi's photo - CEO of Equity Group

CEO

James Mwangi

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84/100

Equity Bank is a financial service firm that offers microfinance, personal, retail and commercial banking solutions. Read more