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Barclays ex-CEO Bob Diamond eyes bid for Africa unit with Carlyle -source

Reuters - UK Focus

LONDON, April 25 (Reuters) - Former Barclays Chief Executive Bob Diamond is teaming up with private equity group Carlyle to prepare a bid to buy the bank's African operations, a source familiar with the matter told Reuters on Monday.

Diamond is looking to structure a deal to acquire Barclays (LSE: BARC.L - news) ' 62 percent stake in Barclays Africa Group Limited via his investment vehicle Atlas Merchant Capital, set up to invest in financial services after he left the UK-based bank.

Carlyle and Atlas Merchant declined to comment.

Barclays on March 1 said it would sell down its stake in the business, to focus instead on a new 'transatlantic' strategy.

Sky News first reported the proposed deal on Sunday. (Reporting by Lawrence White; editing by Jason Neely)