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Barclays makes early African exit with $2.8 billion share sale - CNBCAfrica.com

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 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 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 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 ...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 »

No PIC push to transform Barclays - Business Day

The Public Investment Corporation (PIC), whose shareholding in Barclays Africa will rival that of the bank's largest shareholder after the pension-fund manager obtains regulatory approval, is not expected to nominate directors to the bank's board and ...and more »

UPDATE: Excess demand sees Barclays increase sale to $2.9bn, 33.7% stake in Africa division - BizNews

(Bloomberg) – Barclays Plc is increasing the size of the stake it's selling in its South African unit to raise about R37.7 billion ($2.9 billion), part of a plan to shrink operations and bolster capital. A pedestrian passes large branded signs outside ...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 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 ...and more »