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Troubled Atlas suspends trading on UK bourse
Atlas CEO Carl Esprey. The loss-making firm has had a troubled short history since listing on the Nairobi bourse in December 2014. PHOTO | FILE
Atlas African Industries Limited was Monday suspended from trading after its nominated advisor (Nomad), Stifel Nicolaus Europe Limited, resigned for undisclosed reasons.
The firm, which is dual-listed on London’s Alternative Investment Market and Nairobi Securities Exchange’s Growth Enterprise Market Segment, said the suspension will continue until it hires a new Nomad.