Deals
Dubai’s Abraaj Is Interested in Buying Barclays Africa Unit
- Private equity firm said to have formed bidding group in 2016
- Barclays to reduce stake in African business over coming years
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Abraaj Group, the private-equity firm that invests across emerging markets, is interested in buying a stake in Barclays Plc’s South African business, Chief Executive Officer Arif Naqvi said.
“It’s a very fine bank run by a very fine management team, and if the opportunity were to re-present itself, we would certainly be one of those that would be at the table,” Naqvi said in an interview at the World Economic Forum in Davos on Tuesday. The two companies aren’t currently in talks, he said.