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Barclays Agrees to Sell Big Stake.

Authors :
MUÑOZ, SARA SCHAEFER
MOLLENKAMP, CARRICK
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

Subjects :
*STOCK ownership
*INVESTORS

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