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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar Invest converts Barclays PLC notes into ordinary shares

Posted on 08 July 2009

From Dow Jones: Barclays PLC (BCS) Monday said that Qatar Investment Authority, or QIA, had converted its mandatorily convertible notes in the bank into ordinary shares. The sovereign wealth fund’s stake remains unchanged at 12.53%.

QIA was one of two Middle Eastern investors that Barclays turned to last October as part of a GBP7.3 billion capital raising through an institutional placement, which helped Barclays avoid having to take capital from the U.K. government. The other investor was Abu Dhabi’s International Petroleum Investment Co………Full Article (Subscription Required) : Source


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