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Diamond's interest in Barclays' African ops confirmed

Apr. 26, 2016 5:09 AM ETBarclays PLC (BCS) StockBCS, CGBy: Yigal Grayeff, SA News Editor2 Comments
  • U.K. listed investment vehicle Atlas Mara, which was created by billionaire Ashish Thakkar and former Barclays (NYSE:BCS) CEO Bob Diamond, has confirmed that it is interested in acquiring the U.K. bank's 62% holding in its African operations.
  • However, Atlas Mara didn't disclose whether Carlyle (NASDAQ:CG) is involved in the process despite reports saying that the U.S. firm is in talks with Diamond over the deal.
  • Barclays Africa Group is listed in Johannesburg with a market capitalisation of 123B rand ($8.5B), putting the value of the 62% stake at $5.27B. (PR)

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