Second Barclays Africa ABB flies, grows to $2.9bn

By Aidan Gregory
01 Jun 2017

Barclays has sold more than half its stake in Barclays Africa, its separately listed South African subsidiary formerly known as Absa Bank, through a huge R37.7bn ($2.9bn) block trade on Wednesday night that was covered in 45 minutes.

The deal was led by Barclays, Citigroup, Deutsche Bank and UBS. BNP Paribas and Société Générale were co-bookrunners.

The leads had visibility on the whole deal size at launch due to an anchor order from South Africa’s Public Investment Corp for 59m shares, or 7% of Barclays Africa, ...

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