BPR Sale Completion to KCB & Notice to Investors
25 August 2021
Atlas Mara Announces Completion of Sale of Banque Populaire Du Rwanda ("BPR") to KCB Group Plc
2020 Full Year Results Release Date
Atlas Mara Limited ("Atlas Mara" or the "Company", and including its subsidiaries, the "Group"), the sub-Saharan African financial services group, hereby provides an update on the strategic transaction for the sale of Atlas Mara's entire shares in BPR.
As announced on 26 November 2020, the Company entered into definitive agreements with KCB Group Plc ("KCB") for the sale of Atlas Mara's entire shareholding (being 62.06% of the issued share capital) in BPR (the "Transaction").
The Company is pleased to announce that having successfully secured the necessary regulatory approvals and consents, and fulfilled all other agreed closing conditions, the Transaction was completed, with KCB assuming ownership and control for the operations of BPR effective on 25 August 2021.
Additionally, Atlas Mara announces it will be releasing its Full Year 2020 results for financial year ending on 28 February 2021, on 31 August 2021.
Kojo Dufu, +1 212 883 4330
Apella Advisors, +44(0) 7818 036 579
About Atlas Mara
Atlas Mara Limited (LON: ATMA) is a financial institution listed on the London Stock Exchange. For more information, visit www.atlasmara.com.