Arabs Cash in Pounds 600m Profit On Barclays Investment [Edition 2]

Evening Standard - London › October 20, 2009

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Summary

BARCLAYS' biggest shareholder, the Middle Eastern state of Qatar, today sold a large chunk of its warrants in the bank on the stock market, making more than Pounds 600 million profit.

The Qatari royal family is not selling any of its direct shareholding in Barclays where it remains the largest investor with a 7.2% stake.

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Extract

Arabs Cash in Pounds 600m Profit On Barclays Investment [Edition 2]

Barclays shares fell 18p to 364p -- close to the placing price -- on the news but have soared from their low point of 51.2p seen...

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