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Qatar Yet to Discuss Raising Barclays Stake -Source - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Qatar Investment Authority has yet to discuss raising its stake in Barclays Plc after the British bank agreed to pay $1.75 billion for some of Lehman Brothers Holdings Plc, a person close to the fund said.

Barclays said on Wednesday some of its shareholders had expressed interest in increasing their stakes in the bank as part of their support for the deal, and its board expects those discussions to lead to a subscription of at least $1 billion of additional equity.

A person close to the Qatar Investment Authority said the issue “had not come up for discussion yet.”

Qatari investors took about an 8 percent stake in Barclays in June.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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