Patrice Motsepe? Bob Diamond? PIC? Who is buying Barclays Africa?

Barclays is selling about one-fifth of its stake in Barclays Africa Group to money managers for $879 million.

Ray White interviewed Paul Theron, MD of Vestact, on The Money Show.

Bob Diamond? PIC? Patrice Motsepe’s new bank ARC? Theron discussed the sale and rumours of who is likely to buy chunks of Barclays.

Scroll down for quotes from the audio below.

It’s a very, very short-sighted and bad decision to sell this stake.

Paul Theron, MD of Vestact

Bob is the former Barclays Plc CEO.

Paul Theron, MD of Vestact

Bob’s chances aren’t looking great.

Paul Theron, MD of Vestact

This doesn’t mean anything for you if you’re a client or employee of Absa.

Paul Theron, MD of Vestact

Patrice has expressed an interest.

Paul Theron, MD of Vestact

Regulators have ruled out a merger.

Paul Theron, MD of Vestact

South Africa has good bank regulations. What happens in the end will be well thought through.

Paul Theron, MD of Vestact

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Article brought to us by Old Mutual.


This article first appeared on 702 : Patrice Motsepe? Bob Diamond? PIC? Who is buying Barclays Africa?


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