Tag: Fairfax Africa

Fairfax Africa now owns 42.4% equity in Atlas Mara
Global

Fairfax Africa now owns 42.4% equity in Atlas Mara

Atlas Mara, a sub-Saharan Africa focused financial services group said Fairfax Africa now holds 42.4% of its total equity. The latest disclosure is a fall out of the completed Strategic Financing (comprising a Mandatory Convertible Bond and a Firm Placing and Open Offer), the Company’s existing shareholders subscribed for 18,407,996 […]

Atlas Mara issues USD100 million to Fairfax Africa
Global

Atlas Mara issues USD100 million to Fairfax Africa

Sub-Saharan focused financial services group, Atlas Mara issued USD100 million mandatory convertible bonds to Fairfax Africa Holdings Corporation. The Bonds are expected to convert at a conversion price of US$2.25 upon completion of the intended US$100 million equity offering of new ordinary shares to Fairfax Africa and qualifying existing Atlas […]