Abu Dhabi Sheikh Sells $3.3B Barclays Stake

Law360, New York (July 19, 2013, 7:37 PM EDT) -- An Abu Dhabi sheikh has sold his stake in Barclays PLC purchased as part of a 2008 capital raising designed to keep the company out of government hands, potentially reaping about £2.2 billion ($3.36 billion) in the process, according to the bank.

PCP Gulf Invest 3 Ltd., an investment firm owned by Sheikh Mansour bin Zayed Al Nahyan — also the owner of English Premier League soccer club Manchester City and a member of Abu Dhabi’s ruling family — liquidated its just more than 758.4 million...
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