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Former Barclays Boss Raises Stake In Union Bank - Business - Nairaland

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Former Barclays Boss Raises Stake In Union Bank by Adesiji77: 8:12pm On Jun 21, 2017
Atlas Mara Ltd, the African investment vehicle of former Barclays boss Bob Diamond, said on Wednesday that it plans to raise $200 million to increase its stake in Union Bank of Nigeria and to scale up other businesses.

Atlas Mara said it was buying a 13.4 percent stake in the Union Bank of Nigeria from Clermont Group, taking its total holding to 44.5 percent.

The bank said it is in discussions with potential investors regarding a possible raising of new equity capital, comprising of $100 million equity offering and a $100 million mandatory convertible bond.

Diamond teamed up with Africa-based entrepreneur Ashish Thakkar to set up Atlas Mara, a vehicle through which they planned to buy up assets to help build it into a powerful force in African banking. (Reporting By Andrew MacAskill; Editing by Rachel Armstrong)

http://www.reuters.com/article/atlasmara-nigeria-idUSL3N1JI2GR lalasticlala, dominique, Mynd44
Re: Former Barclays Boss Raises Stake In Union Bank by uboma(m): 2:14am On Jun 22, 2017
Union Bank trying to bounce back stronger.

I only hope that their turn around time and customer relations will improve greatly.

3 Likes 1 Share

Re: Former Barclays Boss Raises Stake In Union Bank by gwmlogistic: 7:41am On Jun 22, 2017
OK cool


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Re: Former Barclays Boss Raises Stake In Union Bank by Beverages: 7:41am On Jun 22, 2017
Eeyaa Am feeling guilty am one of d reason dat contributed to Etisalat Nigeria debt cos am still owing them 500 airtime I borrowed

25 Likes 3 Shares

Re: Former Barclays Boss Raises Stake In Union Bank by alphamodel1(m): 7:43am On Jun 22, 2017
Union bank shall be great again after my Gtb.

3 Likes 1 Share

Re: Former Barclays Boss Raises Stake In Union Bank by SexyNairalander: 7:43am On Jun 22, 2017
booked
Re: Former Barclays Boss Raises Stake In Union Bank by vincent10(m): 7:46am On Jun 22, 2017
Union Bank. Building a simpler and smarter bank. Currently the lead in customer relationship.

7 Likes

Re: Former Barclays Boss Raises Stake In Union Bank by praise1705(f): 7:46am On Jun 22, 2017
hmmmm
Re: Former Barclays Boss Raises Stake In Union Bank by Edopesin: 7:46am On Jun 22, 2017
Beverages:
Eeyaa Am feeling guilty am one of d reason dat contributed to Etisalat Nigeria debt cos am still owing them 500 airtime I borrowed
God Will Judge U grin

5 Likes

Re: Former Barclays Boss Raises Stake In Union Bank by Pavore9: 7:47am On Jun 22, 2017
Beverages:
Eeyaa Am feeling guilty am one of d reason dat contributed to Etisalat Nigeria debt cos am still owing them 500 airtime I borrowed

Close eyes pay back.

1 Like

Re: Former Barclays Boss Raises Stake In Union Bank by maberry(m): 7:47am On Jun 22, 2017
I am short of words & have nothing to say here angry
Re: Former Barclays Boss Raises Stake In Union Bank by Edopesin: 7:48am On Jun 22, 2017
The only bank tha scammer does nt use to desturb somborri with bvn alert

13 Likes

Re: Former Barclays Boss Raises Stake In Union Bank by yomalex(m): 7:49am On Jun 22, 2017
wow
Re: Former Barclays Boss Raises Stake In Union Bank by MemphisRaynes: 7:49am On Jun 22, 2017
Make I go open account with Union Bank, maybe I will get some share in the $200 Million.
Re: Former Barclays Boss Raises Stake In Union Bank by Beverages: 7:52am On Jun 22, 2017
Edopesin:
God Will Judge U grin
Is not our FOURTH

RECEPTION dey town nah cheesy cheesy
Re: Former Barclays Boss Raises Stake In Union Bank by Gerrard59(m): 7:52am On Jun 22, 2017
Is it not the same man whose O&G investments were not bringing forth profits, coupled with the high renumerations he gave staff and himself and investors got pissed off?
Re: Former Barclays Boss Raises Stake In Union Bank by chinawapz(m): 7:53am On Jun 22, 2017
Okay
Re: Former Barclays Boss Raises Stake In Union Bank by Ericjohnsonjnr(m): 7:54am On Jun 22, 2017
Beverages:
Eeyaa Am feeling guilty am one of d reason dat contributed to Etisalat Nigeria debt cos am still owing them 500 airtime I borrowed
You better pay back....
Re: Former Barclays Boss Raises Stake In Union Bank by swiz123(m): 7:57am On Jun 22, 2017
If only this will help the union bank at ngwa road,Aba,Abia state to renovate their branch and get rid of all those rats running around there.. That rat stuff they vex me die and stupid phcn have an account with them so if you don't want your power supply to be disconnected,you will need to pay up at the said union bank

1 Like

Re: Former Barclays Boss Raises Stake In Union Bank by Edopesin: 7:57am On Jun 22, 2017
Beverages:

Is not our FOURTH

RECEPTION dey town nah cheesy cheesy
grin Reception?

1 Like

Re: Former Barclays Boss Raises Stake In Union Bank by UlqU3(m): 7:57am On Jun 22, 2017
Good one
Re: Former Barclays Boss Raises Stake In Union Bank by harrysterol(m): 7:57am On Jun 22, 2017
Beverages:
Eeyaa Am feeling guilty am one of d reason dat contributed to Etisalat Nigeria debt cos am still owing them 500 airtime I borrowed
cheesy grin cheesy
Re: Former Barclays Boss Raises Stake In Union Bank by Nobody: 7:57am On Jun 22, 2017
ok
I want to sell my Samsung S4 biko
Location is abk, IB or Lag
35k
08037699945

2 Likes

Re: Former Barclays Boss Raises Stake In Union Bank by adebobconed(m): 7:59am On Jun 22, 2017
Booked
Re: Former Barclays Boss Raises Stake In Union Bank by stano2(m): 8:05am On Jun 22, 2017
Nice
Re: Former Barclays Boss Raises Stake In Union Bank by dacovajnr: 8:09am On Jun 22, 2017
Beverages:
Eeyaa Am feeling guilty am one of d reason dat contributed to Etisalat Nigeria debt cos am still owing them 500 airtime I borrowed
Cmon 500?,I borrowed 1k and m yet to payback,infact I don cut the sim sef as crisis don hit dem
Re: Former Barclays Boss Raises Stake In Union Bank by 40manlappy: 8:17am On Jun 22, 2017
swiz123:
If only this will help the union bank at ngwa road,Aba,Abia state to renovate their branch and get rid of all those rats running around there.. That rat stuff they vex me die and stupid phcn have an account with them so if you don't want your power supply to be disconnected,you will need to pay up at the said union bank

They are currently renovating their branches nationwide.

3 Likes

Re: Former Barclays Boss Raises Stake In Union Bank by Kobicove(m): 8:26am On Jun 22, 2017
This will likely lead to a shake-up in the management with potential job losses for non-performing staff
Re: Former Barclays Boss Raises Stake In Union Bank by abescom: 8:29am On Jun 22, 2017
Guess it is time to take position in Union bank. I expect their share price to skyrocet with this news.

1 Like

Re: Former Barclays Boss Raises Stake In Union Bank by swiz123(m): 8:31am On Jun 22, 2017
40manlappy:


They are currently renovating their branches nationwide.
Not in Aba..i can assure you that that place is cursed
Re: Former Barclays Boss Raises Stake In Union Bank by dee02(m): 8:54am On Jun 22, 2017
BOB Diamond serial investor
Re: Former Barclays Boss Raises Stake In Union Bank by miqos02(m): 9:00am On Jun 22, 2017
good

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