NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Barclays Bank begins divestment from Africa

By News Express on 02/12/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 730


Barclays will sell a 7 percent stake in Johannesburg-based Barclays Africa Group on December 5, the British bank said on Friday, the latest and likely last in a series of such sales as it ends more than 90 years as a major presence on the continent.

Barclays said after the sale its stake in the African division would be 14.9 percent, which represents its desired long-term goal and no further sales are planned.

The British bank first announced in March 2016 that it would sell most of its then 62 percent stake in Barclays Africa over two to three years, as the bank refocused its strategy on the United States and Britain under Chief Executive Jes Staley.

“This news should be warmly received by shareholders and is a further step along the path to eliminating non-core activities as management focuses on its UK business,” John Cronin, financial analyst at Dublin-based brokerage Goodbody, said.

Shares in Barclays Africa have risen by 9.7 percent since Barclays announced it would sell the unit in March 2016. (Reuters)


 

Source News Express

Posted 02/12/2017 11:09:27 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Pictured: Convicted killer saved by victim’s parents minutes...

Chidoka promises modern, safe and secure aviation industry...

Senator Buruji Kashamu must stand trial for alleged...

Business activities shutdown in Ikorodu town over Oro...

My road trips from Lagos to London -...

Boko Haram attacks Adamawa village

BREAKING: Buhari resumes work, notifies National Assembly

Saraki dismisses corruption allegation, promises transparent Senate

D’banj clears the air on Tonto Dikeh and...

Osun Govt. berates PDP over ‘cock and bull’...

By fire by force: Aso Rock-sponsored group attacks...

SANUSI FLOORS ASO ROCK •Court orders FG to...

 

Latest News Fighting corruption corruptly, By Achilleus-Chud Uchegbu Understanding the process of buying property in Lagos, By Olusola Oduleye Biafra: Army, Police, DSS swoop on MASSOB members PDP Campaign Funds: Court remands Shagari, 4 others in custody over alleged N500m fraud Flood imminent in 5 Kaduna councils – Environmental Agency Catholics protest killing of priests, worshipers FG saves N120bn by checking ghost workers IGP-Senate Faceoff: Buhari meets Senate delegation in Aso Rock Gunmen kidnap wife, children of Zamfara commissioner Activists launch campaign to break up Facebook Ugwuanyi nominates new commissioner Ondo Deputy Speaker, Ogundeji impeached

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,312 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (342,001 views) Shameless Genevieve Nnaji exposes breasts in public (273,416 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,770 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,206 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,782 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (176,950 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,249 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,198 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,438 views) Lagos plane crash: Journalist releases victims’ names (140,020 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,400 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (41) Business & Economy (3,146) Business Verdict (43) Columnists (853) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (598) Global Business Monitor (274) International (1,968) Interview (149) Live Commentary (28) Love Matters (120) News (35,504) Opinion (959) Pidgin (10) Politics (5,044) Religion (743) Sports (1,516) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement