LONDON (Reuters) - Barclays (>> Barclays PLC) is in exclusive talks to sell its stake in Barclays Bank of Zimbabwe (>> Barclays Bank of Zimbabwe Limited) to Malawi's First Merchant Bank , First Merchant Bank said in a statement on its website on Tuesday.

A spokeswoman for Barclays confirmed the bank is in early discussions with a prospective buyer for its 68 percent stake in the Zimbabwe bank.

Neither party disclosed a value for the prospective deal. Barclays Bank of Zimbabwe has a market capitalisation of $60 million, according to Thomson Reuters data.

(Reporting By Lawrence White)

Stocks treated in this article : Barclays Bank of Zimbabwe Limited, Barclays PLC