Barclays dips as Abu Dhabi investor sells shares

first_img Tags: NULL One of the Middle East investors who pumped billions of pounds into Barclays has effectively sold a chunk of shares in the bank, sending its shares lower.Abu Dhabi’s exercised £131.6m warrants in the bank, equivalent to a 1.1 per cent stake, and simultaneously entered into a complex hedging arrangement with Nomura, it said in a statement after Thursday’s close.Nomura simultaneously executed a market placing of 220m shares, the statement said.By 8:43 a.m. Barclays shares were down 2.4 per cent at 296.75 pence.“Abu Dhabi still have upside exposure in the stock, but they’re taking some money off the table,” said Manoj Ladwa, senior trader at ETX Capital.Abu Dhabi committed to pump up to £4.75bn into Barclays two years ago as part of a controversial fundraising that allowed Barclays to avoid taking taxpayer funds, but was criticised for being too generous to the Middle East investors.It sold instruments equivalent to an 11 per cent stake in the bank in June 2009, making $2.5bn (£1.6bn) from the investment, but still held a stake. Friday 8 October 2010 4:29 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Sharecenter_img Barclays dips as Abu Dhabi investor sells shares whatsapp Show Comments ▼ whatsapp John Dunne last_img