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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

LONDON/JOHANNESBURG, May 31 (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 ...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 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 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 »

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 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 »

JSE opens lower as resources retreat while Barclays Africa climbs - Business Day

The JSE opened weaker on Thursday as resources slumped and market focus was on the banking sector following Barclays plc's decision to sell a bigger chunk in Barclays Africa than previously announced. On Thursday morning, Barclays plc announced it had ...and more »

Barclays PLC sells 33.7% of Barclays Africa's shares - Ghana Business News

Barclays PLC says it has sold 33.7 per cent of Barclays Africa's issued shares. The bank group announced today June 1, 2017 that the sale followed the completion of South Africa's largest bookbuild in South African Rands. See full details of press ...and more »