Barclays shares sold at 244p/shr in Qatar deal

LONDON Mon Nov 26, 2012 5:55am EST

LONDON Nov 26 (Reuters) - Goldman Sachs and Deutsche Bank sold shares in Barclays at 244 pence apiece on behalf of top shareholder Qatar Holdings on Monday, the bookrunners said, as the sovereign wealth fund cashed in on warrants it held in the British bank.

The sale price represented a 4 percent discount to Friday's closing share price. By 1047 GMT Barclays shares were down 4.1 percent at 243.8p.

Deutsche Bank and Goldman had said late on Sunday they would sell up to 303.3 million Barclays shares in relation to the monetization of 379 million warrants that were owned by Qatar, as part of a controversial fundraising in the bank dating back to 2008.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video