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The stake sale consists of about 361.7 million shares, with an offering price range between 141 and 142.98 pence per share, aligning with Barclays’ market close values today. This price range suggests that the shares are being sold without a discount, despite the current challenging market environment.
Qatar Holding’s decision to reduce its position in Barclays comes as the bank embarks on a strategic overhaul under CEO C.S. Venkatakrishnan. With guidance from Boston Consulting Group, Barclays is exploring avenues for expansion amid pressures facing its retail banking and international credit card operations.
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