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| Name | Symbol | Market | Type |
|---|---|---|---|
| Barclays PLC | NYSE:BCS | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.245 | 2.36% | 10.635 | 10.69 | 10.62 | 10.64 | 4,081,400 | 15:04:32 |
From May 2019 to May 2024
LONDON—Barclays PLC said Wednesday that it was selling 12.2% stake in Barclays Africa Group Ltd. to an array of investors, as the British bank pushes ahead with a plan to cut its exposure to Africa.
In a statement the bank said that South Africa's state pension fund, The Public Investment Corporation SOC Limited, will be the anchor investor in the placing of up to 10.3 million shares, representing up to 1.2% of Barclays Africa's shares. The rest of the shares will be sold to investors preapproved by the South African regulator, with a price set overnight.
Barclays previously said that it intends to cut its 62% stake in Barclays Africa. If this share sale goes ahead as planned then its stake will be reduced to around 50%.
(END) Dow Jones Newswires
May 04, 2016 12:05 ET (16:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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