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Barclays Agrees to Sell Big Stake.
- Source :
-
Wall Street Journal - Eastern Edition . 11/1/2008, Vol. 252 Issue 105, pB3. 0p. - Publication Year :
- 2008
-
Abstract
- The article reports on the sale of as much as 32% stake in Barclays PLC to Qatari investors and Sheikh Mansour Bin Zayed Al Nahyan, a member of Abu Dhabi's royal family. With the deal, Mansour would get a stake of 16.3%, Qatar Holding as much as 12.7%, and Challenger Universal Ltd. of Qatar as much as 2.8%. The deal also reinforces Barclays' cushion against losses and meets a new benchmark set by the government in its bank rescue plan. It also prevents the government from looking over its shoulder as an investor.
- Subjects :
- *STOCK ownership
*INVESTORS
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 252
- Issue :
- 105
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 35187225