Barclays PLC has announced its intention to sell 187 million ordinary shares in Barclays Africa Group, which represents approximately 22% of Barclays Africa’s issued share capital. This follows receipt of the required regulatory approvals, including approval from the South African Minister of Finance, for Barclays PLC to reduce its shareholding in Barclays Africa to below … Read more
Barclays Africa says the decision by Barclays UK to exit from the region will not affect its operations in Ghana and others on the continent. The assurance follows fears that the sell down of Barclays PLC shares in Barclays Africa, which owns Barclays Ghana and others in nine countries could affect its operations in the … Read more
Barclays PLC is to disinvest its controlling interest in the Barclays Africa Group after four years of joining hands with ABSA Group to form one of the most respected financial institutions in the continent. In what could best qualify for a divorce note, Barclays PLC, a UK-based financier, announced on February 23 that it had … Read more
A banking and finance expert, Dr. Laud Mensah has allayed fears the pulling out of Barclays PLC from Africa could trickle down to other banks. Barclays Africa Group agreed to terms for operational separation with UK-based Barclays PLC, which is reducing its shareholding in Barclays Africa. The agreement is however expected to unlock opportunities for … Read more
A banking and finance expert, Dr. Laud Mensah has allayed fears the pulling out of Barclays PLC from Africa could trickle down to other banks. Barclays Africa Group agreed to terms for operational separation with UK-based Barclays PLC, which is reducing its shareholding in Barclays Africa. The agreement is however expected to unlock opportunities for … Read more
Barclays PLC has submitted an application to the South African Reserve Bank for approval to reduce its stake in Barclays Africa to below fifty percent. The application will require the approval of South Africa’s Minister of Finance. Already Barclays PLC has agreed to pay 765 million pounds to Barclays Africa for it to split from … Read more