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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 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 »

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 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 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 »

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 »

Barclays Africa to 'determine own destiny' -

Barclays Africa Group's decision-making power is now in its own hands following the London-headquartered Barclays PLC's (PLC) R37.7 billion sell down of its majority stake in the group. “We now have significant opportunity to determine our own destiny ...and more »

Barclays set to sell $2bn stake in Africa business -

LONDON/JOHANNESBURG – 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 ...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 »