{"id":151088,"date":"2017-01-17T15:57:33","date_gmt":"2017-01-17T13:57:33","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=151088"},"modified":"2017-01-17T15:59:37","modified_gmt":"2017-01-17T13:59:37","slug":"dubai-business-shows-interest-in-buying-absa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/151088\/dubai-business-shows-interest-in-buying-absa\/","title":{"rendered":"Dubai business shows interest in buying Absa"},"content":{"rendered":"<p>Dubai-based Abraaj Group has shown interest in buying Barclays Group\u2019s African business &#8211; known as Absa locally\u00a0&#8211; <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-01-17\/abraaj-is-interested-in-buying-barclays-africa-ceo-naqvi-says\">Bloomberg reports<\/a><\/strong>.<\/p>\n<p>Speaking in an interview at the World Economic Forum in Davos, Abraaj chief executive officer Arif Naqvi said that the Barclays Africa business was &#8220;very fine&#8221; and well-run, and that if an opportunity presented itself to acquire it, he\u00a0&#8220;would certainly be one of those that would be at the table&#8221;.<\/p>\n<p>The two companies aren\u2019t currently in talks, he noted.<\/p>\n<p>Barclays currently holds 50.1% of Barclays Africa after taking the decision in 2016 to slowly divest in the company over three or so years.<\/p>\n<p>Other investor groups that have also expressed interest in buying or increasing\u00a0a stake in the business include the South African Public Investment Corporation (PIC) which showed interest in upping its stake, as well as ex-Barclays CEO Bob Diamond, who had also shown interest.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/banking\/150467\/absa-faces-r2-25-billion-apartheid-bill-report\/\" target=\"_blank\">Absa faces R2.25 billion apartheid bill: report<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai-based Abraaj Group has shown interest in buying Barclays Group\u2019s African business &#8211; known as Absa locally &#8211; Bloomberg reports.<\/p>\n","protected":false},"author":35,"featured_media":109041,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[25],"class_list":["post-151088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-active"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/151088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=151088"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/151088\/revisions"}],"predecessor-version":[{"id":151100,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/151088\/revisions\/151100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/109041"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=151088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=151088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=151088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}