Barclays Set to Raise [Pounds]4.5bn in Share Sale ; 1) Business2) Banking

Evening Standard - London › June 25, 2008

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Summary

BARCLAYS is raising [pounds]4.5 billion through a massive share placing with Middle Eastern and Far Eastern investors but unlike its rivals the bank is not issuing the new shares at a huge discount.

Today's deal is likely to see the Qatari sovereign wealth fund and the country's prime minister become the bank's biggest shareholders with a combined stake of up to 10%.

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Barclays Set to Raise [Pounds]4.5bn in Share Sale ; 1) Business2) Banking

Existing investors China Development Bank and Singapore's Temasek will buy enough new shares to keep their holdings at 3% and ...

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