logo
Plus   Neg
Share
Email
Comment

Barclays Plc Announces Reduction Of Its Shareholding In Barclays Africa

Barclays plc (BARC.L,BCS) announced, following the transfer on 30 November 2017, subject to settlement, of a 7.0% stake in Barclays Africa Group Limited, Barclays' total shareholding in BAGL for regulatory reporting purposes will reduce from 21.9% to 14.9%. The Group said the reduction in Barclays' holding would increase the Group's pro-forma CET1 ratio as at 30 September by 12bps.

Barclays noted that this represents its desired long term shareholding in Barclays Africa and that no further sales are planned at the current time.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc. (AMZN) said Thursday that it has chosen the 20 metropolitan areas to move to the next phase of the selection process for the company's second headquarters. The company plans to invest over $5 billion and grow the second headquarters to accommodate as many as 50,000 high-paying jobs. Morgan Stanley (MS) reported net income applicable to company of $686 million, or $0.29 per share for the fourth quarter ended December 31, 2017. The results for the current quarter included a net discrete tax provision of $990 million or a loss of $0.55 per share. Excluding net discrete tax items, net... Cannae Holdings, Inc. said Wednesday that its portfolio company, Ceridian HCM Holding Inc., has confidentially filed for an initial public offering. Ceridian HCM, a provider of human resources software and services, filed a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission relating to the proposed IPO of its common stock.
comments powered by Disqus
Follow RTT