| Dubai private equity firm Abraaj was putting together a consortium to bid for up to 35% of Barclays Africa’s shares did not excite markets, with observers holding out for an announcement of firm discussions from the bank or its parent. The private equity firm has just three companies listed in its financial services portfolio including a home-loan originator in Ghana.
The most likely sovereign wealth fund, the Investment Corporation of Dubai, did not respond to requests for comment. It has a large financial services portfolio including the United Arab Emirates’ largest bank, Emirates NBD, and HSBC Middle East Finance Company...............................................Full Article: Source
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