Finance
Qatar's Wealth Fund Is Selling Almost Half Its Shares in Barclays
- Qatar Holding is offering about 362 million shares, terms show
- Wealth fund is top investor in the bank with a 5% holding
Barclays headquarters in London.
Photographer: Oli Scarff/Getty ImagesThis article is for subscribers only.
Qatar’s wealth fund is offloading almost half of its shares in Barclays Plc, a surprise move that comes as the bank’s executives ready a strategic overhaul for early next year.
Qatar Holding LLC, which is owned by the Qatar Investment Authority, is selling 361.7 million shares in the British firm, according to terms of the offering seen by Bloomberg News. The sale is expected to raise £510 million ($644 million).