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BCS Barclays PLC

10.62
0.23 (2.21%)
Last Updated: 15:17:38
Delayed by 15 minutes
Name Symbol Market Type
Barclays PLC NYSE:BCS NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.23 2.21% 10.62 10.69 10.61 10.64 4,641,279 15:17:38

Barclays Raises GBP603 Million From Placing

05/05/2016 7:52am

Dow Jones News


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By Ian Walker and Max Colchester

 

LONDON--Barclays PLC (BARC.LN) has raised 603 million pounds ($875.56 million) through the sale of part of its stake in Barclays Africa Group Ltd.

Late Wednesday the British bank said it would sell 103.6 million shares in Barclays Africa, or 12.2% of its issued share capital, via a bookbuild to an array of investors, dealing a blow to former Barclays Chief Executive Bob Diamond's plan to snap up the unit.

The shares were sold at 126 South African Rand ($4.5) a share.

In the statement Wednesday Barclays said that South Africa's state pension fund, The Public Investment Corporation SOC Ltd., has agreed to buy up to 1.2% of Barclays Africa's shares. The rest of the shares will be sold to investors pre-approved by the South African regulator.

 

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749; and Colchester at max.colchester@wsj.com

 

(END) Dow Jones Newswires

May 05, 2016 02:37 ET (06:37 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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