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.

UBS: U.S. Economic Outlook 'Not Particularly Remarkable'
34:26 - Seth Carpenter, chief U.S. economist at UBS Securities, discusses his firm's view of markets and the U.S. economy amid concerns over the Trump Administration's ability to enact major parts of its legislative agenda. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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