Qatar to Bankroll Barclays and More
June 18th, 2008 Posted in Markets, SWFReuters Dubai reports by way of the Financial Times that Qatar’s sovereign wealth fund the Qatar Investment Authority (QIA) is considering backing a share issue by Barclays PLC (NYSE ADR: BCS). The issue could approach US$8 billion. QIA has already bought a stake of under 2% in Credit Suisse (NYSE ADR: CS). QIA is said to have about $60B of AUM and is looking to spend $10B – $15B on bank stakes over the next two years.
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