Barclays PLC (LSE:BARC) is drawing up plans to sell some of its 62% stake in Barclays Africa Group Limited (JSE:BGA), according to people familiar with the matter. Barclays executives have concluded that being the majority owner of a sprawling African business no longer fits with the bank's strategy. The decision is part of a plan by Barclays' new Chief Executive Officer, Jes Staley, to refocus the bank on a narrower range of profitable activities.
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