- 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)