News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

Diamond’s Atlas Mara sells big stake in $200m fundraising

Former Barclays CEO announces fundraising for acquisition and growth at African banking venture

Diamond’s Atlas Mara sells big stake in $200m fundraising

The former Barclays chief executive Bob Diamond has forged a strategic tie-up with a billionaire investor often described as Canada's Warren Buffett.

Diamond's African banking venture Atlas Mara today announced a strategic partnership with the investment firm Fairfax Africa Holdings. In a statement detailing a $200m fundraising initiative, Atlas Mara said Fairfax would take up to a 35% stake in Atlas Mara.

WSJ Logo