Atlas Mara, the company co-founded by former Barclays CEO Bob Diamond to invest in African financial businesses, is reportedly holding negotiations to acquire Finance Bank Zambia (FBZ).

The firm, which began negotiations with the Zambian bank in March 2015, is conducting due diligence at the Zambian lender, according to a Bloomberg report.

Atlas Mara may announce a deal within a month, the publication reported citing people familiar with the development.

Atlas Mara already has operations in Zambia following its purchase of BancABC in 2014.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.