Barclays Bank branch in central London. PHOTO | TOBY MELVILLE | REUTERS
Barclays Plc shares rose around 2.5 per cent in London on Wednesday after Sky News reported the British bank would sell a 1.6 billion pound (about Sh213 billion) stake in its African business.
Barclays
said in early 2016 it would sell its 50 per cent stake in South
Africa-based Barclays Africa Group as part of a strategy to refocus on
the United States and Britain.
The planned sale, which Sky reported
could come as soon as Wednesday evening, would take Barclays' interest
in the Africa unit from 50 per cent down to 28 per cent.
Shares in Barclays Africa fell 3.5 percent in Johannesburg.
Reuters could not immediately confirm the Sky News report.
Barclays Group and Barclays Africa declined to comment.
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