GTB 737 banner Yudala banner

Barclays Bank to offload 22 percent African holding

By News Express on 01/06/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 498


Barclays plc will be selling down more of its interest in Barclays Africa than the market expected, bringing its long-term target shareholding to about 15%, a report in South Africa’s Business Day said.

The report recalled that the British bank had previously said it was selling its stake in its African subsidiary in response to regulatory and accounting requirements, which meant a shareholding of about 20% in Barclays Africa.

“But in announcing its second overnight book-build process on Wednesday to offload 22% of its shares in Barclays Africa to institutional investors, such as pension funds and asset managers, with the results expected on Thursday, it said the target would be much lower than that,” Business Day reported.

Source News Express

Posted 01/06/2017 10:54:04 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Guber Polls: YIAGA deploys 27 pre-elections observers in...

Anti-party activity?: OBASANJO ROMANCES APC

Fashola a wicked dictator, absolutely inhuman —CLO •Frontline...

Oil wells: AMAECHI A MISCHIEVOUS LIAR —Bayelsa State...

Senator blames increased corruption on poor oversight by...

FEC approves new universities, swears in 2 federal...

Muslims protest closure of Rome’s makeshift mosques, demand...

PDP seeks Aregbesola’s removal as Osun Governor, accuses...

Ambode hails Buhari as FG hands over Presidential...

Buhari charges NNPC to work more closely with...

Bayelsa Polls: PDP faults Sylva’s letter to INEC,...

Lion kills Oyo zoo attendant

 

Latest News Champions League: Spurs surprise Real Madrid, Man City win, Liverpool run riot with goals Enugu Bishop remanded in prison over fraud Labour union hits Okorocha, demands immediate removal of Zuma’s statue in Owerri Osun, American firm strike $450m deal 5 ways to make your laptop battery last longer N5.1bn fraud: How Dudafa laundered money for Patience Jonathan — Witness Dasuki asks court to put off trial indefinitely •Insists on open trial Today’s Weather: Expect hazy conditions, localised thunderstorms — NiMet Edo plans Investment Summit to boost state’s economy NLNG MD outlines strategic development plan to boost gas production Buhari jets out for Turkey Wednesday for D-8 Summit, Ankara visit Lagos begins advocacy on emergency number

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (286,634 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (269,077 views) Shameless Genevieve Nnaji exposes breasts in public (217,845 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (183,082 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,173 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (161,655 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (140,079 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,545 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,368 views) Lagos plane crash: Journalist releases victims’ names (113,856 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (111,956 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,345 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (29) Business (2,724) Business Verdict (24) Columnists (754) Complaints & Requests (93) Enterprise & Opportunities (183) Entertainment (393) Features (497) Global Business Monitor (187) International (1,578) Interviews (134) Live Commentary (28) Love Matters (77) News (29,388) Opinion (824) Pidgin (8) Politics (3,980) Religion (645) Sports (1,338) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

#MonkeyPox outbreak

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!