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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Qatar disposes of Barclays warrants, holds 6.7pct stake steady

Posted on 26 November 2012

Qatar Holding LLC plans to sell Barclays Plc (BARC) shares valued at about 771 million pounds ($1.24 billion) as the sovereign wealth fund disposes of its remaining warrants in the U.K. bank.
Deutsche Bank AG (DBK) and Goldman Sachs Group Inc. (GS) are coordinating a placement of about 303.3 million shares, offered to institutional investors for 244 pence to 248 pence apiece, according to a term sheet obtained by Bloomberg News. Qatar Holding, based in Doha, said in a separate statement yesterday that it has monetized 379 million units of Barclays warrants………………………………………..Full Article: Source


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