Barclays Africa Sale Means Late Nights for Banks Breaking Up

Updated on
  • U.K. lender hasn’t sought permission to cut stake below 50%
  • Barclays Africa is worst-performing South African bank in 2016

Barclays Plc sold the first slice of its controlling stake in Barclays Africa Group Ltd. just two months after Chief Executive Officer Jes Staley laid out his strategy to boost capital. Here’s why the bank’s next move has taken much longer and some key issues the 365-year-old lender must overcome to speed up its two- to three-year timeframe for the sell down:

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