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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 »

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 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. The British bank, which under Chief ...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 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 to sell 22% of Barclays Africa -

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. By ...and more »

Barclays' Africa exit draws nigh after Sh298b stake sale - The Standard

Barclays has announced it will sell shares worth Sh298 billion (R37.7 billion) in Barclays Africa Group as it steps up efforts to exit the African market. The 100-year-old brand is set to fade from the Kenyan market in the next three years, which will ...and more »

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

Posted by Freeman Ngulu | Jun 1, 2017 | Headlines. Barclays' African dreams shattered on need to improve capital adequacy. Barclays plc, the London listed parent of Barclays Africa Group Ltd surprised investors on Thursday 01 June by placing more ...and more »

Barclays Plc slashes 33.7 per cent stake in Africa unit - Business Daily (press release) (blog)

British banking giant Barclays Plc said Thursday it has further reduced its stake in its South African operations as part of a global strategic re-think unveiled last year. Barclays said in a statement that it had placed a stake of 33.7 per cent in ...and more »