Atlas Mara addresses market rumours

Atlas Mara, the sub-Saharan African financial services group, issued the following statement in response to media reports incorrectly stating that ”Atlas Mara has received offers from local banks wishing to buy over Union Bank”:

”While it is the Company’s practice to refrain from comment on market rumours or speculation, we believe it is important to note that Atlas Mara has not received any offers from any local Nigerian bank or other bank wishing to acquire the Company’s stake in Union Bank of Nigeria (UBN). As previously announced to the market in 2019, the Board of the Company has been exploring a wide range of strategic options with the assistance of external advisers. That process is still underway and the Company’s strategic objectives have not changed.”