Qatar dumping shares in key UK bank – Bloomberg ...News

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Qatar dumping shares in key UK bank – Bloomberg
source : Russia Today ( News ) () 25
Barclays’ second biggest shareholder reportedly plans to get rid of half of its stake in major lender Qatar Holding, owned by the Qatar Investment Authority (QIA), is looking to sell some £510 million ($644 million) worth of its shares in Barclays, one of the UK’s oldest banks, according to terms of the offering, seen by Bloomberg. The transaction is expected to cut QIA’s ownership of Barclays in half, reducing it from a 5% stake to about 2.4%. The Gulf State has been an anchor investor in Barclays since 2008, when it helped the bank, the UK’s second largest lender, to avoid a government bailout with an injection

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