logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In a move likely to further inflame global trade tensions, President Donald Trump has threatened to impose a 20 percent tariff on all cars imported to the U.S. from the European Union. Trump claimed he would impose the new tariffs unless the EU removes tariffs and trade barriers placed on the U.S. The Federal Reserve has determined that the largest U.S. banks are strongly capitalized and would be able to lend to banks as well as households during a severe global economic recession. This is the fourth straight year that all banks have met the Federal Reserve's standards. The first round of results of the supervisory stress tests were released by the central bank on Thursday. The "safety" driver behind the wheel of a self-driving Uber was streaming a television show on her smartphone up until about the time of a fatal crash in March, according to a report from the Tempe Police Department. Uber's self-driving Volvo SUV, which was traveling at under 44 miles per hour, had struck and killed a pedestrian in Arizona on March 18.
Follow RTT