Barclays CEO: Cutting Africa will allow deconsolidation

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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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