Barclays Africa Rallies as Parent to Cut Stake Rather Than Exit

  • Stock advances first time in three days to pare decline
  • London-based parent to reduce interest over two to three years

Barclays Africa Group Ltd. rose for the first time in three days after Barclays Plc said it will reduce its 62.3 percent stake in the South African bank, calming concerns that the London-based lender was planning to sell its entire holding and exit operations on the continent.

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