Deals
Diamond Said to Mull Atlas Options Including Taking Private
- Atlas Mara stock had dropped 80%; no final decision made
- Merger, private-equity investment are being considered
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Bob Diamond, co-founder of Atlas Mara Ltd., is weighing options including taking the sub-Saharan African bank acquirer private, people with knowledge of the plan said.
One option being considered is to find an investor or private-equity vehicle to back such a move, one of the people said, asking not to be identified because the details are private. A merger with another financial institution with a presence in Africa is also being weighed, the people said, adding that discussions are at a very early stage and no final decision has been made. A spokesman for Atlas Mara declined to comment.