A consortium including former Barclays chief Bob Diamond remains in the hunt to buy a stake in the British lender’s African business, sources with knowledge of the matter said on Tuesday, despite the withdrawal of Carlyle Group.

Diamond is looking to acquire Barclays’ remaining 50 percent stake in Barclays Africa Group Limited via his investment vehicle Atlas Merchant Capital, following the British lender’s decision in March to sell down its holding in the African unit.

The consortium comprises a group of “committed long-term strategic investors”, Diamond said in April, and the sources said Carlyle’s exit from the group would not jeopardise its interest in pursuing the acquisition.

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