The listing which was done August 2, 2013, is said to be a milestone in South African corporate history.
“The now pan-African Group has concluded the largest acquisition by a bank in Africa, almost two months ahead of deadline,” said a joint statement.
Wendy Lucas-Bull, Chairman of Barclays Africa Group, said “This is a tremendously exciting and significant moment for Absa and Barclays. This is also a big deal for Barclays.”
According to Lucas-Bull, Barclays understands that Africa offers great opportunity which is why it is one of its core pillars of future growth.
By Ekow Quandzie