Hodnett: A “Lot of Interest” For Barclays Africa
Barclays Africa Group Ltd. said there’s no lack of interest from buyers seeking a stake in South Africa’s third-largest lender as Barclays Plc prepares to reduce its 62.3 percent holding to less than 20 percent. The London-based bank’s shares won’t be “sold in the short term and a number of players will have a say in the process,” Barclays Africa Deputy Chief Executive Officer David Hodnett said in an interview in Johannesburg on Wednesday, without elaborating on who the buyers might be.
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