Tag: Barclays PLC
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Barclays announces final sale of stake in Africa
Barclays has announced it will on Tuesday, December 5, sell a 7 percent stake in its Johannesburg-based Barclays Africa Group. The bank announced this latest decision on Friday, December 1, 2017. Some analysts believe the move could likely be the last in a series of such sales as Barclays ends more than 90 years as…
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Barclays PLC reduces its African stake by 22% more
Barclays PLC has begun processes to reduce its stake by an additional 22 percent. This is expected to culminate in reducing the bank’s stake in its Africa operations to below fifty percent. The plan also follows a sell-down transaction which commenced on Wednesday, May 31st, 2017. A statement from Barclays and copied to Citi Business…