Wednesday, June 25, 2008

Hmmmm

Barclays to sell £4.5bn of shares

Barclays has said it will raise £4.5bn ($8.8bn) in a share issue to bolster its balance sheet. The firm has sold shares to new investors such as the Qatar Investment Authority, and existing shareholders including China Development Bank. Barclays said the fundraising move would "strengthen its capital base".

Posted by stevie dee @ 08:00 AM (2953 views)
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