By Jaime Llinares Taboada

 

Barclays PLC said Wednesday that it intends to sell its remaining shareholding in South African lender Absa Group Ltd.

The British bank owns 63 million shares in Absa, or a 7.4% stake.

The price will be agreed at the close of the bookbuilding process.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

August 31, 2022 11:28 ET (15:28 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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