Qatar sells $2 billion Barclays stake, shares fall
Qatar is selling 379.2 million shares in British bank Barclays
Qatar Holding, which will remain Barclays' biggest shareholder, will exercise warrants for the same amount of shares. Barclays will receive 750 million pounds from the warrants, which have an exercise price of 197.775 pence.
They were part of a controversial 5.8 billion pound fundraising by the bank last November.
The shares are being sold by Credit Suisse
By 3.15 a.m. EDT, Barclays shares were down 5.3 percent at 362 pence.
($1=.6088 Pound)
(Reporting by Steve Slater)
© Copyright Thomson Reuters 2024. All rights reserved.