AS THE bidding war for Barclays’s 50.1% stake in Barclays Africa Group hots up, it has emerged that an empowerment deal is likely to be part of the equation. A staff share scheme could be on the cards too, depending on the buyer.Barclays Africa chairman Wendy Lucas-Bull told shareholders at its annual meeting on Tuesday that the disposal of some or all of Barclays plc’s stake in its South African subsidiary presented an opportunity to increase the empowerment shareholding. "This is one of the options we have tabled with (Barclays) plc. We are collaborating with them to look at a broad range of options."Barclays plc is reducing its 62.3% stake in its SA-based subsidiary. That stake has since fallen to 50.1%, following a successful bookbuild earlier this month in which 12.2% of the group’s shares were placed with investors.The one potential buyer that has confirmed interest is a consortium comprising former Barclays plc CEO Bob Diamond’s Atlas Merchant Capital, African billionaire Ash...

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