Barclays PLC, the U.K.'s second-biggest bank, reorganized itself into three separate divisions and plans to sell or close a unit in Indonesia at a total cost of about 100 million pounds ($150 million).

The charge will be taken at Barclays Corporate, a lender to midsize and large businesses that will be run alongside investment banking, Barclays said Monday. The other divisions are global retail banking and Absa, the South African unit. Barclays will sell or close Bank Akita in Indonesia.

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