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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