Reports suggest that former Barclays CEO, Bob Diamond, along with Ashiah Thakkar's banking group, Atlas Mara, may bid for Barclays Africa. Following the announcement by present CEO, Jes Staley that Barclays is to sell its 62.3% stake in Barclays Africa over the next two to three years, some analysts have warned it may be difficult to find a buyer for such a large stake, however, Atlas Mara is now said to be a potential buyer. The bank has been struggling since being taken private last year and was recently forced into administration after failing to pay back more than $400m of debt.
Reports suggest that former Barclays CEO, Bob Diamond, along with Ashiah Thakkar's banking group, Atlas Mara, may bid for Barclays Africa. Following the announcement by present CEO, Jes Staley that Barclays is to sell its 62.3% stake in Barclays Africa over the next two to three years, some analysts have warned it may be difficult to find a buyer for such a large stake, however, Atlas Mara is now said to be a potential buyer. Atlas Mara has banking operations in seven sub-Saharan African countries, including Bostwana, Zimbabwe, Zambia, Mozambique, Rwanda and Nigeria.