The group placed 33.7% of Barclays Africa, reducing its stake to 15%, thus immediately meeting the level it wanted to retain. As planned, the full deconsolidation will free up around 70bp of capital and improve capital usage and, consequently, the return on capital.
01 Jun 2017
Accelerated divestment of African operations
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Accelerated divestment of African operations
Barclays PLC (BARC:LON) | 462 52.4 2.5% | Mkt Cap: 64,095m
- Published:
01 Jun 2017 -
Author:
David Grinsztajn -
Pages:
2 -
The group placed 33.7% of Barclays Africa, reducing its stake to 15%, thus immediately meeting the level it wanted to retain. As planned, the full deconsolidation will free up around 70bp of capital and improve capital usage and, consequently, the return on capital.