Qatar cuts stake in Barclays
Qatar's sovereign wealth fund is slashing its stake in Barclays, the UK lender whose shares are down more than 12 per cent this year.
Qatar Holding, a subsidiary of the Qatar Investment Authority, was Barclays' second-biggest shareholder, according to Bloomberg data.
The fund launched the sale of almost 362mn shares, worth about £510mn, on Monday afternoon.
The bank's chief executive, CS
Venkatakrishnan, is under pressure to win round investors to a strategic overhaul he is planning to reveal next spring.
The QIA helped bail out Barclays during the global financial crisis 15 years ago.
Bye Bye Bonus!
What’s that have to do with bonus
Necessitatibus qui earum aut hic. Ad totam similique placeat fugiat. Voluptas sint sapiente accusamus eius excepturi nisi ab. Aliquam eaque repellat fuga.
Laboriosam pariatur sed consectetur fugiat. Consequuntur quaerat et debitis rerum explicabo. Quos numquam quaerat rerum nobis consequatur. Id excepturi debitis alias magnam ipsam ut.
Aut libero aut incidunt dolorum aliquid. Adipisci fuga laudantium nostrum amet sit in. Inventore ab enim dignissimos dolorum unde quidem qui. Expedita amet aut accusamus non illum ex ipsa. Repellendus quis et in saepe nostrum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...