Barclays’s Absa Urged to Use Cash in $2 Billion Africa Deal

Barclays’s Absa Urged to Use Cash in $2 Billion Africa Deal

Nadine Hutton/Bloomberg

Customers are seen at the headquarters of Absa Group Ltd. in Johannesburg, South Africa. Absa and Barclays, seeking to boost profit by combining products and customer bases across a continent with faster growth rates than that of developed regions, need 50 percent plus one vote from investors for the deal to go ahead.