Deeply concerned with the historic financial and social fabric of the ancient and venerable institution, Barclehs shareholders may be staging a mass exodus come November 24th during the special meeting of the firm' shareholders. At issue is the bank's latest and massive capital raise of GBP 7 billion.
When asked about the capital raise informally, the shareholders seemed to approve, but as soon as the details emerged, rebellion quickly began, and spread. Bank officials expressed dismay and surprise at the change of shareholder heart that spread after the investor list was distributed.
The new investors, including Qatar Investment Authority and Sheikh Mansour Bin Zayed Al Nahyan, a member of Abu Dhabi's royal family, are getting significant returns, but not inordinate considering the crisis atmosphere that has taken hold in the sector.
The Financial Times has more:
Several other large Barclehs shareholders have voiced anger. Another said: "We have given the message to the bank that we are very unhappy with what it has put in place. The bank did not give existing shareholders a chance to participate on the same terms as new investors."
Barclays' Mideast deal hit by dissenters [The Financial Times]






Posted by guest , Nov 12, 2008 10:35AM
Oh, come on DB readers! A juicy story about Middle Eastern investors and not one reference to towel heads, terrorists, or camel-fuckers?? What has the comments section become these days? I guess I'll have to re-read all of the racist "analysis" in the comments section of Opening Bell to get my fix today. Damn.
Posted by guest , Nov 12, 2008 10:40AM
No, no. It's "Rag-heads" and "camel-jockeys" please. Please get your ethnic slurs right, kike.
Still, I'd be pissed if I were getting diluted too. Although I'm not sure how many current investors have 20 quid to spare that they'd throw into Barkley's.
Posted by guest , Nov 12, 2008 11:13AM
Looks like those short calls from the middle east are now paying off big time.