Barclays Africa Group is reportedly in talks with its parent company to acquire the latter’s Egypt and Zimbabwe businesses.

"We’re keen to acquire them, but it has to be done at a competitive price and be value accretive and that’s the process we’re in with Plc. Our core priority is to extract value from our existing portfolio," Bloomberg quoted Barclays Africa CEO Maria Ramos as saying.

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Earlier in 2013, Barclays Africa had purchased its parent company’s businesses in eight countries on the continent in an all-share transaction.

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