No shortage of buyers for Barclays Africa
According to a recent report by Bloomberg, Barclays Africa Group says there is no lack of interest from buyers wanting a stake in the company. This after Barclays announced that it would be selling down its stake to less than 20% over the next two to three years.
According to David Hodnett (pictured), Barclays Africa Deputy CEO, Barclay's interest will not be sold in the short term. Hodnett added that a number of players will have a say in the process, and said it was still too soon to speculate on exactly how Barclays will sell its shares.
While the Financial Times reported that Barclays might have a willing bidder in former CEO, Bob Diamond, for Barclays Africa's assets outside of South Africa, Hodnett was quoted in the Bloomberg report as saying that Diamond has not directly approached the African lender with regards to buying shares.