Barclays enlists Citigroup to help with share buyback

2022.07.29 10:25

FILE PHOTO: A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS/Stefan Wermuth/File Photo

LONDON (Reuters) – Barclays (LON:BARC) has entered into an agreement with Citigroup (NYSE:C) for the latter to conduct a buyback of Barclays’ shares on behalf of the British bank, Barclays said on Friday.

Barclays on Thursday had announced the 500 million pounds ($610.80 million) buyback while reporting its first half profits.

($1 = 0.8186 pounds)

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