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News : Business

Barclays CEO: Cutting Africa will allow deconsolidation

By Bloomberrg
01 Mar 2016   |   9:41 am   |   9m 28s
Barclays Plc said it will sell down the stake in its Africa business and reorganize the company into two divisions, as fourth-quarter profit fell by more than half. The bank will sell down its 62 percent stake in Barclays Africa Group Ltd. over the next two to three years to a level that allows it to deconsolidate the business, according to a statement Tuesday. Chief Executive Officer


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