{"id":20485,"date":"2022-08-16T16:57:37","date_gmt":"2022-08-16T16:57:37","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/emholding-exits-atlas-establishes-logix"},"modified":"2022-08-16T18:17:59","modified_gmt":"2022-08-16T18:17:59","slug":"emholding-exits-atlas-establishes-logix","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/emholding-exits-atlas-establishes-logix","title":{"rendered":"EMHOLDING exits ATLAS, establishes LOGIX"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span><b>Press release<\/b><\/p>\n<p>EMHOLDING, Gambia\u2019s leading venture firm and investor, has also recently successfully completed and exited the ATLAS M&amp;A, by transferring all its shares to the Addax Oryx Group, an international company and one of the leading players in the petroleum downstream industry. In 2015, the major oil companies ELTON OIL and TOTAL were in dire financial distress and defaulting seriously on their loans to the banks.<\/p>\n<p>EMHOLDING acquired TOTAL Gambia, one of the oldest companies in the country, and the successor to BP and ELF. At the time, the equity value of TOTAL was significantly very low, because of high debts in the local market, representing over 5% of total bank exposure, amounting to over 300 million dalasi (at the time almost 7 million US Dollars).<\/p>\n<p><b>Story continues on page 4.<\/b><\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/gambia\">Gambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. Press release EMHOLDING, Gambia\u2019s leading venture firm and investor, has also recently successfully completed and exited the ATLAS M&amp;A, by transferring all its shares to the Addax Oryx Group, an international company and one of the leading players in the petroleum downstream industry. In 2015, the major oil companies ELTON OIL and [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":20484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9],"tags":[2355,2361,7944,260,7945],"class_list":["post-20485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","tag-africa-press","tag-africa-press-gambia","tag-emholding","tag-gambia","tag-logix"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EMHOLDING exits ATLAS, establishes LOGIX - Gambia<\/title>\n<meta name=\"description\" content=\"Press release EMHOLDING, Gambia\u2019s leading venture firm and investor, has also recently successfully completed an ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/emholding-exits-atlas-establishes-logix\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMHOLDING exits ATLAS, establishes LOGIX\" \/>\n<meta property=\"og:description\" content=\"Press release EMHOLDING, Gambia\u2019s leading venture firm and investor, has also recently successfully completed an ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/emholding-exits-atlas-establishes-logix\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-16T16:57:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-16T18:17:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/08\/postQueueImg_18-62fbdf2bf2935.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/emholding-exits-atlas-establishes-logix#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/emholding-exits-atlas-establishes-logix\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"EMHOLDING exits ATLAS, establishes LOGIX\",\"datePublished\":\"2022-08-16T16:57:37+00:00\",\"dateModified\":\"2022-08-16T18:17:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/emholding-exits-atlas-establishes-logix\"},\"wordCount\":147,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/emholding-exits-atlas-establishes-logix#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2022\/08\/postQueueImg_18-62fbdf2bf2935.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"EMHOLDING\",\"Gambia\",\"LOGIX\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/emholding-exits-atlas-establishes-logix#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/emholding-exits-atlas-establishes-logix\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/emholding-exits-atlas-establishes-logix\",\"name\":\"EMHOLDING exits ATLAS, establishes LOGIX - 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