Bank hopes to develop £750m by reducing stake in operations on continent by 12.2%,in offering rumoured to be target of former boss Bob Diamond Barclays has kickstarted the sale of parts of its African operations, eyed by its former chief executive Bob Diamond.
In a sale that could raise £750m for the bank, and Barclays announced it was placing 103.6m shares – or around a 12.2% stake – in Barclays Africa with institutional investors. Related: Bob Diamond's interest in Barclays Africa confirmed Continue reading...
Source: theguardian.com