May 31, 2017 / 3:19 PM / 2 months ago

BRIEF-Barclays proposes placing of about 187 mln ordinary shares in BAGL

1 Min Read

May 31 (Reuters) - Barclays Plc:

* Intention to sell about 187 million ordinary shares in Barclays Africa Group Ltd ("BAGL"), representing about 22% of BAGL's issued share capital

* Says follows initial placing that barclays undertook on 5 May 2016 of 103.6 million shares representing 12.2% of issued share capital of BAGL

* Barclays' target long-term shareholding in BAGL is around 15% Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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