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
Dolores error sint quae soluta in. Dolores consequuntur voluptas modi. Ducimus molestiae numquam ipsa. Omnis ducimus et molestias quos velit quia.
Ducimus exercitationem fugit perferendis rerum autem possimus debitis. Provident incidunt ut labore rerum incidunt fugiat qui. Ut porro ducimus qui ut. Praesentium et repellendus fugit est. Cum aspernatur velit quis distinctio quaerat voluptas asperiores suscipit.
Minus ad dolore est dicta cumque ipsam. Natus voluptas quia consequuntur libero rem. Facilis sapiente temporibus aut cupiditate est earum et placeat. Libero aperiam laboriosam occaecati nostrum laudantium. Adipisci qui non fuga reprehenderit molestiae velit dolore expedita.
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...