Dubai firm interested in buying Absa

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Barclays headquarters in London. (iStock)
Barclays headquarters in London. (iStock)

London - Abraaj Group, the private-equity firm that invests across emerging markets, is interested in buying Barclays Group’s African [JSE:BGA] business (formerly Absa), 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.

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