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

Barclays 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 ...

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

Barclays 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 ...

Barclays edges closer to move out of Africa with stake sale - The 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 ...

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

Barclays 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.

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

Barclays 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 ...

Barclays has honourable Africa retreat in sight - Times 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 ...

Barclays PLC sells shares in Barclays Africa - Starr 103.5 FM

Barclays 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 ...

Barclays to sell large part of Africa unit - MarketWatch

Barclays 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 ...

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

LONDON/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.

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 ...

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

Barclays 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 ...

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

Barclays 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 ...

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

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

JOHANNESBURG, 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 ...

Barclays heading out of Africa - Financial 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 ...

Terms of separation with Barclays Africa signed - MilTech

Barclays 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 ...

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

FILE 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.

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 ...

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 ...

Barclays To Sell Stake in African Unit - TheStreet.com

Barclays 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 ...