News article

Barclays reflects on capital-raising effort

Barclays reflects on capital-raising effort
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Barclays bank is reflecting on its latest capital-raising exercise after it sold new shares to a range of investors, including the China Development Bank and the Qatar Investment Authority (QIA).

The QIA has become the largest single shareholder following its investments, which saw a total of close to £4.5 billion raised, while the China Development Bank has retained a three per cent stake in the business.

Existing shareholders have seen their stake in Barclays diminished because four in five refused the opportunity to acquire more shares at a discounted price of 282 pence each, the Financial Times reports.

The precise extent to which existing shareholders have
Seen their stakes diminish has not yet been calculated but the shares involved in the placing will be traded from Tuesday next week.

Employing 143,000 around the world and with operations in 50 different countries, Barclays counts itself as being among the foremost global financial institutions.

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