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Qatar Sells Barclays Warrants, Maintains 6.7% Stake

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Qatar Holding LLC formally made plans to sell Barclays Plc shares as the sovereign wealth enterprise (SWE) of the Qatar Investment Authority (QIA) rids itself of their remaining warrants. 379 million units of Barclays warrants have been monetized by Qatar Holding LLC. The SWE remains the largest shareholder of Barclays Plc with a 6.65% stake.

Since October 2008, after Barclays’ announced plan to raise £7 billion of capital, shares of Barclays Plc climbed around 42%. This capital came from Gulf investors from Abu Dhabi and Qatar. At the time, the UK Financial Services Authority increased capital targets for all UK banks. Barclays wanted to avoid a United Kingdom government bailout and wanted to remain independent. Barclays Plc did not want government meddling in their operations as the UK government would most likely influence the strategic direction of the bank. Later that year in 2009, Qatar Holding sold a £1.4 billion stake in Barclays after warrant conversions.

On November 25, 2012 in a separate statement, “We remain a supportive strategic investor in Barclays, and maintain our confidence in the long-term prospects for the business,” Qatar Holding Chief Executive Officer Ahmad Al-Sayed said.

Grant & Eisenhofer Reveals Fortis Investors to Receive $1.5 Billion in Mega Settlement

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Law firm Grant & Eisenhofer won a landmark case for its clients after a seven-year legal duel in Dutch courts. On July 13, 2018, the Amsterdam Court of Appeals officially approved the largest securities settlement ever reached in Europe, paving a path for international insurance company Ageas N.V./S.A. to begin payment of US$ 1.5 billion (€1.3 billion) to multiple groups of institutional and individual investors from Europe and the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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State Street to Buy Charles River Systems

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State Street Corporation inked a deal to acquire Charles River Systems, Inc. (Charles River Development), a provider of investment management front office tools and solutions. Under the terms of the agreement, State Street will purchase Burlington, Massachusetts-based Charles River Development in an all-cash transaction for US$ 2.6 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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FINMA Announces Rothschild Bank Broke Anti-Money Laundering Rules over 1MDB Fiasco

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The Rothschild Bank AG and one of its units called Rothschild Trust (Schweiz) AG got slapped with serious violations of anti-money laundering in regard to the 1MDB scandal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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