(Corrects day in lead to Thursday from Wednesday)
LONDON, June 1 Barclays will sell
shares worth 2.2 billion pounds ($2.83 billion) in Barclays
Africa Group, the bank said on Thursday, increasing the
size of the planned stake sale due to investor appetite and
marking a completion of its planned selldown.
The bank said it would sell 286 million shares in Barclays
Africa or 33.7 percent, with South African pension fund Public
Investment Corporation acting as an anchor investor.
The shares will be priced at 132 rand a share, raising an
aggregate 2.2 billion pounds, the bank said, leaving it with a
residual 15 percent stake once it places 12.7 million shares in
a black economic empowerment scheme.
The British bank said in March 2016 it would sell most of
its 62.3 pct stake in Barclays Africa Group, with the lender
aiming eventually for a stake of around 15 pct, which it has now
($1 = 0.7779 pounds)
(Reporting By Anjuli Davies; Editing by Rachel Armstrong)