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Barclays cuts stake in African operations further than expected - Financial Times

Barclays has brought the curtain down on more than a century of African operations by selling a bigger chunk of its business in the continent than expected, which will boost capital while generating a £1.2bn loss. Citing strong demand from ...and more »

Barclays makes early African exit with $2.8 billion share sale - Reuters

LONDON/JOHANNESBURG (Reuters) - Barclays (BARC.L) cut its stake in Barclays Africa Group (BGAJ.J) to 15 percent sooner than expected on Thursday, ending more than 90 years as a major presence in the continent.and more »

Barclays Hits Target for Africa Stake on Surprise Sale Boost - Bloomberg

Barclays Plc reached a long-term target for shrinking its stake in its African unit earlier than expected as the bank boosted the size of a share sale by more than 50 percent. The London-based lender is selling 285.7 million shares of Barclays Africa ...and more »

UPDATE 2-Barclays set to sell $2 bln stake in Africa business - Reuters

... * South Africa FinMin grants sale approval. * Deal key to Barclays capital plans. * Bank to sell shares Wednesday evening (Recasts, adds further sourcing, deal details). By Lawrence White and Tiisetso Motsoeneng. LONDON/JOHANNESBURG, May 31 ...and more »

Barclays sells half its shares in African arm - Financial Times

Barclays is selling almost half its shares in its African operations to institutional investors in a deal to raise about £1.5bn and cut the stake in its Johannesburg-listed offshoot well below 50 per cent. On Wednesday the UK bank said it was looking ...and more »

Barclays PLC sells 33.7% of Barclays Africa's shares - Ghana Business News

Barclays PLC says it has sold 33.7 per cent of Barclays Africa's issued shares. The bank group announced today June 1, 2017 that the sale followed the completion of South Africa's largest bookbuild in South African Rands. See full details of press ...and more »

Barclays to sell £1.6bn stake in African unit - Financial Times

Barclays is pressing ahead with plans to sell down its stake in its African banking operations to below 50 per cent after South Africa's government gave the green light for the deal. The UK bank said in a statement on Wednesday that it was selling 187m ...and more »

Barclays to sell 22% of Barclays Africa - CNBCAfrica.com

Barclays PLC plans to sell 187 million shares or 22 per cent of Barclays Africa Group via an accelerated bookbuild, which is expected to be concluded overnight. The conclusion of the sale due to be announced Thursday, will see Barclays shareholding ...and more »

Barclays to surrender control of Africa unit with £1.6bn sale - Sky News

Barclays is to offload a big chunk of the division which operates in Ghana, Kenya and other African markets, Sky News learns. 15:28, UK, Wednesday 31 May 2017. BARCLAYS BANK. Image: Barclays is aiming to reduce its stake in Barclays Africa Group.and more »

Barclays PLC to sell 22pc shareholding in Barclays Africa - Capital FM Kenya (press release) (blog)

By KEN MACHARIA, Johannesburg, South Africa, June 1 – Barclays PLC has today announced its intention to sell 187 million ordinary shares in Barclays Africa Group, which represents approximately 22% of Barclays Africa's issued share capital. This ...and more »