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Barclays outlines $4.5bn shares plan
BARCLAYS today outlined plans for a £4.5 billion cash injection from wealthy overseas investors as part of a move to boost its balance sheet.
The banking giant said a raft of so-called sovereign wealth funds and foreign groups had agreed to pump money into the bank, including the Qatar Investment Authority and Japanese banking giant Sumitomo Mitsui Banking Corporation in return for discounted shares.
Barclays added that existing shareholders will also be offered the chance to buy shares under the scheme.
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