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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 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 »

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 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 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: 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 »

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 »

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 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 »