Barclays completes sale of Egypt unit to Morocco's Attijariwafa Bank

LONDON, Oct (Shenzhen: 000069.SZ - news) 4 (Reuters) - Barclays (LSE: BARC.L - news) has completed the sale of its Egyptian unit to Morocco's Attijariwafa Bank , the British bank said on Tuesday, as it continues to dispose of assets not deemed core to a new strategy focused on the United States and Britain.

The sale will result in a reduction of about 2 billion pounds ($2.55 billion) in the bank's risk-weighted assets, Barclays said, boosting its core capital ratio by about 0.1 percent.

Reuters reported Attijariwafa's interest last month.

($1 = 0.7843 pounds) (Reporting by Lawrence White; editing by David Clarke)