Barclays in sale talks on French banking and wealth arm
Barclays is in exclusive talks with private equity firm AnaCap Financial Partners over a deal to sell its French retail banking operations.
The French arm includes a network of 74 branches, a life insurance business, and wealth and investment management operations.
AnaCap holds stakes in challenger bank Aldermore, as well as banks in Belgium, Malta, the Czech Republic and Poland.
It also bought French digital insurance broker AssurOne in 2014.
Barclays group chief executive Jes Staley says: “Barclays’ French retail and wealth and investment management business is attractive, but no longer fits with our strategic ambitions.... MORE