Shell Energy Entrepreneurs banner Yudala banner
Barclays Bank begins divestment from Africa

By News Express on 02/12/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 507


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


 

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...
Traditional media must be defenders of truth: Obaze...

Ebola, Medical Doctors & Strike, By Olusegun Adeniyi...

Today’s Weather: Expect clouds, thunderstorms and rains —...

Lawmakers finger Police Area Commander, DPO in Southern...

Storms kill 3 in Cross River, destroy 632...

Business leaders kick against proposed communication service tax...

Yuletide: Family Club calls for caution, admonishes politicians...

Senate Committee okays data price hike, says NCC...

Poverty, underdevelopment in North should not define region’s...

Ogoni youths, women protest detention of traditional ruler,...

Babangida’s ex-Chief Press Secretary opens up, says ‘Yes,...

Nigeria to tackle xenophobia with cultural diplomacy: Minister...

 

Latest News 12 killed, 48 wounded in Maiduguri suicide bomb attack 6 killed in fresh Benue attacks American, Canadian kidnapped in Kaduna, 2 police escorts killed Wicked grandma burns 9-year-old granddaughter’s hands for eating brother’s food Fake healer held over fake pregnancies School children donate household items to troops fighting insurgency in North-East Seek justice and reparation for victims of attacks by herdsmen, SERAP tells Buhari UK Prime Minister creates Minister for Loneliness Bauchi Fertiliser Company set to take over northern market Ohanaeze President General dismisses accident rumour Militancy: Bayelsa professionals seek investigation of Sylva, Lokpobiri Umeh unfolds agenda as Senator for Anambra Central

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (314,542 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (303,693 views) Shameless Genevieve Nnaji exposes breasts in public (243,827 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (200,941 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (189,672 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (178,923 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (155,203 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (139,152 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (135,838 views) Lagos plane crash: Journalist releases victims’ names (124,167 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (121,304 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (118,695 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,850) Business Verdict (32) Columnists (790) Complaints & Requests (94) Enterprise & Opportunities (200) Entertainment (431) Features (541) Global Business Monitor (222) International (1,743) Interviews (139) Live Commentary (28) Love Matters (100) News (31,951) Opinion (864) Pidgin (10) Politics (4,351) Religion (666) Sports (1,405) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Thierry Henry in Lagos Nigeria

 

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!