Qatar Holding Dumps $1.2B Worth Of Barclays Stock Rights

Law360, New York (November 26, 2012, 6:56 PM EST) -- Goldman Sachs Group Inc. and Deutsche Bank AG on Monday sold off nearly $1.2 billion worth of converted Barclays PLC shares for state-owned private equity firm Qatar Holding LLC, which picked up the stock rights during Barclays' controversial £11.6 billion ($18.4 billion) capital raise of 2008.

Joint bookrunners Goldman and Deutsche Bank unloaded 303.3 million ordinary Barclays shares by way of an accelerated bookbuild offering to institutional investors, according to a joint statement from the companies.

The shares went for 244 pence apiece, significantly lower than...
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