JP Morgan Chase leads Barclays back to South Africa

JP Morgan Chase is back advising Barclays Bank after a five-year absence. The deal is a potential conditional cash offer by Barclays for Absa Bank of South Africa.

Absa is valued £3bn,(€4.4bn) while Barclays has a market capitalisation of £34bn. A spokesman for Barclays confirmed that it will pay for the acquisition from existing resources.

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