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Absa minority shareholders back Barclays Africa deal
February 25, 2013 / 8:32 AM / 5 years ago

Absa minority shareholders back Barclays Africa deal

JOHANNESBURG, Feb 25 (Reuters) - Minority shareholders of South Africa’s Absa Group on Monday overwhelmingly backed a plan to buy the African operations of parent Barclays Plc for $2.1 billion in new shares.

The deal, although dilutive to minority shareholders, is expected to give Absa greater exposure to fast-growing African markets.

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