Access Bank Plc is in talks about a potential acquisition of assets belonging to Bob Diamond’s Atlas Mara Ltd., as Nigeria’s biggest lender seeks to expand its reach in the rest of Africa, people familiar with the matter said.
Lagos-based Access Bank is interested in Atlas Mara’s businesses in Botswana, Zimbabwe and Zambia, the people said, asking not to be identified because the matter is private. Deliberations are in preliminary stages and no final decision has been made, they said.
If successful, Atlas Mara will be left with its largest investment, a 49.97% stake in Union Bank of Nigeria Plc, which gives it a footprint in Africa’s largest economy…
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