The international law firm Greenberg Traurig LLP assisted Atlas Mara Co-Nvest Limited (Atlas Mara) in connection with its first acquisition following its incorporation and listing on the London Stock Exchange (LSE) in December 2013.
Atlas Mara announced on 31 March that it had concluded agreements to acquire a majority of BancABC, a leading multi-country, multi-service bank with operations across the Southern African Development Community which is listed on the Botswana stock exchange, with a secondary listing on the Zimbabwe stock exchange. Atlas Mara also announced that it has entered into an agreement with ADC African Development Corporation AG (ADC), a Frankfurt based, open-market listed pan-African banking group, to make a voluntary public takeover offer for all outstanding ADC shares. The consideration being offered by Atlas Mara in the transactions equates to approximately $265 million in cash and Atlas Mara shares.