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Islamic Finance Briefing - Categorized | Banking, Investment, Market Moves more

Abu Dhabi nets $2.46 bln from Barclays sale

Posted on 03 June 2009

From Maktoob.com: Abu Dhabi sold more than 11 percent of Barclays, making $2.5 billion from an investment that helped the British bank through the financial crisis and raising fears more may cash in on a recent rally in bank shares.

The Abu Dhabi government-owned International Petroleum Investment Co (IPIC) on Tuesday sold about 3.5 billion pounds worth of instruments that are due to convert into Barclays shares by the end of June…….Full Article: Source

 
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