Bob Diamond Seeks Financial-Services Purchases Across Africa
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Bob Diamond, former chief executive officer of Barclays Plc, said his investment firm is seeking to acquire African financial-services companies that can help businesses manage currency and commodity risks on the continent.
Atlas Mara Co-Nvest Ltd. aims to make the first of a number of acquisitions within a year, Diamond told reporters today in Lagos, the commercial capital of Nigeria. While declining to comment on potential takeovers, he said his firm plans to tap its “operational expertise” after making purchases.