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Barclays sells Africa division stake worth $US2b - The Australian Financial Review;

Barclays sells Africa division stake worth $US2b - The Australian Financial Review

The Australian Financial ReviewBarclays sells Africa division stake worth $US2bThe Australian Financial ReviewBarclays wants to reduce its presence in Africa in favour of supporting a trimmed-down investment bank focused on London and New York. Akio Kon. by Renee Bonorchis and Stephen Morris. Barclays said it will sell a further 22 per cent stake in South ...and more »

Barclays to sell £1.5bn slice of Africa banking arm - Belfast Telegraph;

Barclays to sell £1.5bn slice of Africa banking arm - Belfast Telegraph

Belfast TelegraphBarclays to sell £1.5bn slice of Africa banking armBelfast TelegraphBarclays plans to sell a £1.5 billion slice of its Africa banking arm as it continues to overhaul the business in order to focus on its UK and US operations. The banking giant is selling around 22% of Barclays Africa Group (BAGL) after winning ...and more »

Barclays edges closer to move out of Africa with stake sale - The Times (subscription);

Barclays edges closer to move out of Africa with stake sale - The Times (subscription)

The Times (subscription)Barclays edges closer to move out of Africa with stake saleThe Times (subscription)Barclays has taken another step towards cutting ties with its African business with plans to sell a big stake in the division and give up its majority holding. The bank said yesterday that it would sell about 22 per cent of Barclays Africa Group to the ...and more »

Barclays £1.6bn stake sale cuts ties with Africa - This is Money;

Barclays £1.6bn stake sale cuts ties with Africa - This is Money

This is MoneyBarclays £1.6bn stake sale cuts ties with AfricaThis is MoneyBarclays is selling a £1.6 billion stake in its African business as it cuts ties with the continent after more than a century. The lender is set to cut its holding of regional business Barclays Africa Group Limited (BAGL) from 50.1 per cent to 28 per cent.and more »

Barclays UK clears last hurdle to complete sell down in Africa - Myjoyonline.com;

Barclays UK clears last hurdle to complete sell down in Africa - Myjoyonline.com

Myjoyonline.comBarclays UK clears last hurdle to complete sell down in AfricaMyjoyonline.comBarclays UK has finally managed to clear the last hurdle to significantly reduce its holding in Barclays Africa. This follows receipt of the required regulatory approvals, including approval from the South African Minister of Finance, for Barclays PLC ...and more »

Barclays has honourable Africa retreat in sight - Times of India

Barclays has honourable Africa retreat in sightTimes of India(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Peter Thal Larsen. LONDON, May 31 (Reuters Breakingviews) - The UK lender is offloading a $2 bln stake in its Johannesburg-listed unit as part of its exit from ...and more »

Barclays PLC sells shares in Barclays Africa - Starr 103.5 FM;

Barclays PLC sells shares in Barclays Africa - Starr 103.5 FM

Starr 103.5 FMBarclays PLC sells shares in Barclays AfricaStarr 103.5 FMBarclays PLC has 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 follows receipt of the required regulatory approvals, including ...and more »

Barclays to sell large part of Africa unit - MarketWatch

Barclays to sell large part of Africa unitMarketWatchBarclays PLC said Wednesday it will sell a large of chunk of its African unit after regulators signed off on the long-awaited deal. Barclays said it would cut its stake in Barclays Africa Group Ltd. to around 28% from 50.1% currently. The share sale is ...and more »

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

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

Reuters AfricaBarclays set to sell $2 bln stake in Africa businessReuters AfricaLONDON/JOHANNESBURG (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 Britain.and more »

Barclays sells half its shares in African arm - Financial Times;

Barclays sells half its shares in African arm - Financial Times

Financial TimesBarclays sells half its shares in African armFinancial TimesBarclays 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 to sell £1.6bn stake in African business - Telegraph.co.uk;

Barclays to sell £1.6bn stake in African business - Telegraph.co.uk

Telegraph.co.ukBarclays to sell £1.6bn stake in African businessTelegraph.co.ukBarclays is offloading a stake worth about £1.6bn in its African business as it presses ahead with boss Jes Staley's plan to streamline the bank and focus it on Britain and the US. The FTSE 100 giant is selling a 22pc chunk of Barclays Africa after ...and more »

Barclays will sell 22% of its shares in Barclays Africa - MyBroadband

Barclays will sell 22% of its shares in Barclays AfricaMyBroadbandBarclays has announced its intention to sell 187 million ordinary shares in Barclays Africa Group, which represents approximately 22% of Barclays Africa's issued share capital. Barclays Africa owns local bank ABSA. “This follows receipt of the required ...and more »

Barclays confirms sale of 22 per cent stake in Africa business BAGL - City A.M.;

Barclays confirms sale of 22 per cent stake in Africa business BAGL - City A.M.

City A.M.Barclays confirms sale of 22 per cent stake in Africa business BAGLCity A.M.I am City A.M.'s chief City reporter, mainly covering banks, Brexit, M&A and dea [..] Show more. Follow William. Barclays Bank Fined Over Libor Investigations. Barclays is aiming to reduce its stake in BAGL down to 28 per cent through the latest sale ...and more »

UPDATE 1-South Africa's rand slips, stocks dragged lower by Barclays (BARC, SPP) - Markets Insider

UPDATE 1-South Africa's rand slips, stocks dragged lower by Barclays (BARC, SPP)Markets InsiderJOHANNESBURG, May 31 (Reuters) - South Africa's rand weakened on Wednesday with a combination of mixed trade data and a looming interest rate hike in the United States keeping traders cautious. Stocks were lower on the day with Barclays Africa unit ...and more »

Barclays heading out of Africa - Financial News (subscription)

Barclays heading out of AfricaFinancial News (subscription)Barclays is selling down its stake in its African business, marking chief executive Jes Staley's latest effort to make the bank smaller and more focused on its retail and investment banking businesses in Europe and the US. The bank said in a statement ...and more »

Terms of separation with Barclays Africa signed - MilTech

Terms of separation with Barclays Africa signedMilTechBarclays PLC („Barclays„, together with its subsidiary undertakings, the „Barclays Group„) announced on 1 March 2016 that it intended, over a two to three-year period, to reduce its shareholding in Barclays Africa Group Limited („BAGL„) to a level ...and more »

Barclays set to sell 1.5 billion pound stake in Africa business - Reuters UK;

Barclays set to sell 1.5 billion pound stake in Africa business - Reuters UK

Reuters UKBarclays set to sell 1.5 billion pound stake in Africa businessReuters UKFILE PHOTO - A Barclays logo is pictured outside the Barclays towers in Johannesburg, South Africa, December 16, 2015. REUTERS/Siphiwe Sibeko/File Photo. By Lawrence White and Tiisetso Motsoeneng | LONDON/JOHANNESBURG.and more »

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

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

CNBCAfrica.comBarclays to sell 22% of Barclays AfricaCNBCAfrica.comBarclays 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 Confirms Intention To Sell 22% Stake In African Unit (ALLISS) - London South East (registration) (blog)

Barclays Confirms Intention To Sell 22% Stake In African Unit (ALLISS)London South East (registration) (blog)LONDON (Alliance News) - Barclays PLC on Wednesday confirmed plans to sell a 22% stake in its African division. Sky News had reported earlier in the day that the bank was drawing up plans to reduce its shareholding in Barclays Africa Group Ltd to ...and more »

Barclays To Sell Stake in African Unit - TheStreet.com;

Barclays To Sell Stake in African Unit - TheStreet.com

TheStreet.comBarclays To Sell Stake in African UnitTheStreet.comBarclays plc (BCS) confirmed Wednesday afternoon it will sell approximately 22% of its stake in Barclays Africa Group Ltd. (BAGL) and begin separating the unit, putting into motion the most substantial part of its restructuring plans. The British ...and more »