British bank to pay $988m to split with Barclays Africa
Barclays Africa said in Johannesburg that the sum was to fund investments required to separate it from its African unit.
Recommended articles
Sealing the separation agreement terms paves the way for the British bank to reduce its stake to below 50 per cent under a strategy which will see it focus on the United States and Britain.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: news@pulselive.co.ke
Next story