Deals
Carlyle Said to Halt Talks With Diamond on Barclays Africa
- Regulators are concerned about a private-equity deal
- Barclays may now sell all of 50.1% stake in unit on market
This article is for subscribers only.
Talks between Carlyle Group LP and Bob Diamond’s Atlas Merchant Capital LLC about a joint bid for Barclays Plc’s African unit have stalled, people with knowledge of the matter said.
Carlyle executives are concerned that Barclays might be reluctant to sell its stake in Barclays Africa Group Ltd. to a consortium including Diamond, who led the London-based bank until 2012, and that regulators would block a sale to a private-equity firm, said one of the people, who requested anonymity because the details are private.