Barclays Sells 7.4pct Absa Group Stake Worth $740 Million

Barclays has sold a 7.4 percent stake in Absa Group, it said on Thursday, raising $687million aimed at bolstering its capital levels. Before the sale, Barclays had a 15 percent holding in the African lender.  “Shareholders are hereby advised that Barclays PLC (“Barclays”) has agreed to sell 7.44 percent (approximately 63 million) of the total … Continue reading Barclays Sells 7.4pct Absa Group Stake Worth $740 Million