Arab Today, arab today barclays agrees deal to combine africa businesses
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Barclays agrees deal to combine Africa businesses

Arab Today, arab today

Arab Today, arab today Barclays agrees deal to combine Africa businesses

London - AFP

Barclays on Thursday said it had agreed a deal to combine the majority of the British bank\'s Africa operations with Absa -- the lender\'s African subsidiary. \"This transaction will give us a platform from which we can further grow our Africa business to the benefit of customers, colleagues, shareholders and the communities in which we operate,\" Barclays chief executive Antony Jenkins said in a statement. Barclays had first announced in late August that it was in talks with Absa over the deal. On Thursday, Barclays said its stake in Absa would increase to 62.3 percent from 55.5 percent as a result of the transaction. Absa was to buy Barclays Africa in exchange for Absa shares worth 18.33 billion Rand ($2.1 billion, 1.6 billion euros). The deal involves the combination of Barclays interests in Botswana, Ghana, Kenya, Mauritius, Seychelles, Tanzania, Uganda and Zambia with Absa, with Barclays remaining as the majority shareholder of the combined African operations. Maria Ramos, chief executive of Absa Group and Barclays Africa, said: \"We are tremendously excited by the opportunities for growth across the continent and the geographically diversified earnings potential that a combined business would deliver.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today barclays agrees deal to combine africa businesses Arab Today, arab today barclays agrees deal to combine africa businesses

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today barclays agrees deal to combine africa businesses Arab Today, arab today barclays agrees deal to combine africa businesses

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday