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

Qatar SWF gains $2.7bln from Barclays accord

Posted on 28 November 2012

Qatar’s sovereign wealth fund sold the last of the warrants it owns in Barclays, notching up a gain of more than £1.7 billion ($2.7bn) from the fundraising deal it struck with the bank four years ago.
The warrants, which convert into shares, were sold to Deutsche Bank AG and Goldman Sachs Group. The banks sold up to 303 million Barclays shares, worth £740m, at 244 pence apiece, a four per cent discount to Friday’s closing share price and at the bottom of an indicated range of 244-248 pence………………………………………..Full Article: Source


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