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Atlas Mara Puts Down $265M For Stake In South African Bank

By Igor Kossov (April 1, 2014, 1:08 PM EDT) -- British investment group Atlas Mara Co-Nvest Ltd. has agreed to acquire a majority stake in South African bank ABC Holdings Ltd. and offered to acquire all of Frankfurt-based African Development Corp. AG's outstanding shares for $265 million in cash and equity, it said Monday....

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