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Barclays in talks to raise $14b
Fri, Oct 31, 2008
Reuters

LONDON - BRITISH bank Barclays is close to raising about 6 billion pounds (S$14.4 billion) from a number of potential investors and could announce details on Friday, a person familiar with the matter said.

Barclays has been in talks with a mix of existing and new investors, the source said, but declined to identify them.

Existing investors expected to invest more in the bank are likely to include Qatar's sovereign wealth fund, after it invested in the summer.

Libya is not expected to invest, the source said. The Financial Times reported on Friday the Libyan Investment Authority was likely to invest.

Barclays declined to comment. -- REUTERS

 

 
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