LONDON-based Barclays plc will sell down its 62.3% stake in Barclays Africa over the next two to three years, it said on Tuesday morning.
Barclays Africa shares fell as much as 6.9% to R126.61 in early trade on Tuesday following the announcement.
Barclays Plc said although the African operations were well diversified and a high quality franchise, its investment presented challenges such as the level of capital it held in Barclays Africa.
Barclays Africa shares fell as much as 6.9% to R126.61 in early trade on Tuesday following the announcement.
Barclays Plc said although the African operations were well diversified and a high quality franchise, its investment presented challenges such as the level of capital it held in Barclays Africa.
