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Qatar to sell 379m Barclays shares
- Qatar: Tuesday, October 20 - 2009 at 14:35
Qatar Holding, a unit of the Qatar Investment Authority, said today it plans to sell more than 379 million shares of Barclays. Qatar will first exercise warrants at 197.775 pence, and stands to make more than 630 million pounds ($1bn) on the transaction at today's market price, according to Bloomberg. 'The decision to exercise the warrants and dispose of the resultant shares forms part of Qatar Holding's portfolio management program and does not impact on our current intention to remain a long-term strategic shareholder in Barclays,' Chief Executive Officer Ahmad Al-Sayed said in a statement.
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StaffTuesday, October 20 - 2009 at 14:35 UAE local time (GMT+4)
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