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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 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 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 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 »

Sale of Barclays Africa Group raises £16m more than expected - The Times

Barclays has raised £600 million more than originally expected from the sale of shares in its African subsidiary after the lender sold a bigger stake in response to stronger than expected interest from investors. Barclays said yesterday that it had ...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 »

EDITORIAL: Barclays makes a graceful exit - Business Day

After a rocky start in March 2016, when the UK banking group abruptly and unceremoniously announced its intention to dump its South African subsidiary, the divestment this time has been much smoother than anyone might have expected. That's good for ...and more »

City news: Barclays, Dulox and Bank of England -

The banking giant confirmed it had sold a 34 per cent slice of Barclays Africa – greater than the 22 per cent that was anticipated – after gaining regulatory approval for the disposal from the South African government. The lender said it had off-loaded ...and more »