Monday, June 1, 2009

Offer to sell Gulf stake in Barclays - BReaking news from FT.com


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Financial Times
Breaking news
Monday June 01 2009

Breaking News
 
Offer to sell Gulf stake in Barclays
Shareholders in Barclays were on Monday night offered shares held by one of the Middle Eastern investors who helped recapitalise the UK bank in a controversial deal last autumn.

Some of Barclays' largest UK investors have been contacted by Credit Suisse about their appetite for a placing of shares owned by an investment vehicle controlled by Sheikh Mansour bin Zayed al-Nahyan, a member of Abu Dhabi's ruling family.

A placing of the shares, which have surged in value in recent weeks as fears the bank would be nationalised have receded, would startle UK shareholders who were told last autumn that Sheikh Mansour was a long-term strategic investor in the bank. Sheikh Mansour could not be reached for comment.


http://link.ft.com/r/P75VYY/3NRAE/RU20X/63H7J/2ND3G/PJ/h
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