Atlas Mara Limited Announces Proposed Transaction Update

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Jun 23, 2020
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TORTOLA / ACCESSWIRE / June 23, 2020 / Atlas Mara Limited ("Atlas Mara" or the "Company") announced on 26 March 2020 that discussions with Equity Group Holdings Plc ("EGH") were ongoing, with the objective of reaching mutually acceptable terms for the strategic transaction originally announced in 2019. After careful consideration, the Company and EGH have mutually agreed to discontinue transaction discussions. This decision was driven largely by a shift in EGH's strategy given the effects of the COVID-19 pandemic globally and on the economies in which EGH entities operate.