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InterCon says has not met Barclay bros since Jan

Wed May 9, 2007 3:18am EDT

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LONDON, May 9 (Reuters) - Britain's InterContinental Hotels Plc (IHG.L) said it had not met with its largest shareholder, the Barclay brothers, since January and did not know what their intention was after building up a stake of 8.19 percent.

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"We have not met with them since January and have no further meetings planned. We don't know what their intentions are," said Chief Executive Andrew Cosslett on Wednesday in a briefing following group first-quarter results.

Earlier this month, the Barclay brothers increased their shareholding in the group to 8.19 percent through their Ellerman Corp Ltd vehicle, making them by far the biggest shareholder.

In January, the entrepreneurial Barclay twins David and Frederick, who own the London Ritz hotel and the Telegraph newspapers, revealed a 5 percent stake sparking talk of stake building ahead of a possible bid.

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