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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 -

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. The British bank, which under Chief Executive Jes Staley is firmly focused ...and more »

Barclays UK reduces interest in Africa to 23.4% -

Barclays UK has completed the final round of its share sale to reduce stake in Barclays Africa 23.4 percent. This was after Barclays UK closed an engagement with investors last night to sell 287 million shares at 132 rands in Barclays Africa worth $2.8 ...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 reveals massive £2.2bn Africa unit stake sale - International Business Times UK

The move, which is part of a strategic review, would see the bank sell most of its stake in Barclays Africa Group. Gaurav Sharma. By Gaurav Sharma. Updated June 1, 2017 08:37 BST. Barclays office in London's Canary Wharf Reuters. Barclays revealed on ...and more »

Rand equity - Breakingviews

The UK lender is offloading all but 15 pct of its African unit for $2.9 bln after strong demand from investors. The sale should lift its capital ratio above 13 pct. After a year of retrenchment CEO Jes Staley can begin to think about how the slimmed ...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 »

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

LONDON/JOHANNESBURG, May 31 (Reuters) - Barclays will sell shares worth 1.5 billion pounds ($1.94 billion) in Barclays Africa Group, the bank said on Wednesday, marking another stage in its exit from the continent to focus more on the United States and ...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 »

Barclays' African dreams shattered on need to improve capital adequacy - Namibia Economist

Barclays plc, the London listed parent of Barclays Africa Group Ltd surprised investors on Thursday 01 June by placing more shares than was originally announced. “Further to the announcement released on 31 May 2017, due to strong investor demand ...and more »