Barclays sells $900m chunk of Barclays Africa as Atlas Mara faces setback

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Barclays sells $900m chunk of Barclays Africa as Atlas Mara faces setback

Barclays has this evening executed a R13bn ($900m) accelerated bookbuild in shares of Barclays Africa Group, its separately listed South African subsidiary, as the first stage in its already announced plan to divest the bank. The trade was covered in 35 minutes and multiple times oversubscribed.

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