Private equity firm Abraaj is interested in buying Barclays Africa (Infographics & Video)

Abraaj ‘At the Table’ if Barclays Africa Available: Arif Naqvi, Group CEO, Abraaj Group
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.

Naqvi’s comments may signal renewed interest in bidding for a chunk of Barclays’ remaining 50.1 percent stake in the unit after the London-based bank said last March that it plans to sell down its 62 percent holding over two to three years. Abraaj and a group of investors had previously planned to bid for a minority stake in Barclays Africa Group Ltd., people with knowledge of the discussions said last year, though those talks later faltered.

Read more: Dubai’s Abraaj Is Interested in Buying Barclays Africa Unit – Bloomberg

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