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Barclays Shares Surge After Report Suggests Africa Group Sale Imminent

JOHANNESBURG (Capital Markets in Africa) – Barclays plc shares rose to the near top of the FTSE 100 Wednesday after a report from Sky News suggested the bank will announce the sale of a substantial stake in its troubled African division. The deal could raise around £1.6 billion ($2 billion) for the British lender while reducing its stake in the Johannesburg listed Barclays Africa Group from 51% to around 28%, Sky reported. Barclays stock rose…

Barclays Africa Said to Be Front-Runner to Buy Mozambican Bank

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Barclays Africa Group Ltd., the South African bank with operations across 12 countries on the continent, is the lead bidder for Mozambique’s Moza Banco SA, according to people familiar with the matter. The central bank has received three proposals, which will be reviewed by an independent panel before the winner is announced in July, one of the people said, asking not to be named because the process is private. Barclays Africa’s…

Barclays Africa Debt Sale Misses Target as Banks Issue More

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Barclays Africa Group Limited sold less than half its target in a bond auction as a wall of debt issuance by South African banks and the impending exit of its U.K. parent, Barclays Plc, damped demand. Barclays Africa offered 1.5 billion rand ($113 million) of notes on Monday but raised only 642 million rand within price guidance, according to Deon Raju, head of treasury at the Johannesburg-based lender. The debt…

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