BusinessCompany NewsBarclays £4.5bn balance sheet beef-up welcomed

Barclays £4.5bn balance sheet beef-up welcomed

Shareholders give backing to bank's efforts to bolster its balance sheet in making a £4.5bn share issue

Barclays £4.5bn share issue has been warmly welcomed by investors.

The UK’s third largest bank took steps yesterday to shore up its balance
sheet by offering a package of shares to investors.

Barclays’ move will allow it to bolster its balance sheet in a relatively
short space of time.

The Qatar Investment Authority plans to sink £1.76bn into Barclays and
Challenger, a company representing Qatar’s ruling family will invest another
£533m, giving it a combined 10% stake in the enlarged group, the
Daily
Telegraph
reported.

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