Barclays raises $623 million in gross proceeds from Absa exit

Barclays  has raised 538 million pounds ($623 million) in gross proceeds from the sale of its remaining 7.4% stake in South African lender Absa, completing the British bank’s exit from the continent after more than after more than 90 years. Barclays fetched 169 South African rand ($9.83) per share in an accelerated bookbuild announced on … Continue reading Barclays raises $623 million in gross proceeds from Absa exit