Barclays on course for £7bn deal
Banking giant Barclays said it was on course to secure shareholder backing for a £7 billion fund-raising that could put almost a third of the bank into Middle East ownership.
Chairman Marcus Agius told investors gathered in London to rubber-stamp the deal, that votes cast ahead of the extraordinary meeting had already given it the required support.
The bank shunned the Government's bail-out cash to welcome Abu Dhabi royalty and Manchester City owner Sheikh Mansour Bin Zayed Al Nahyan as an investor, and gain extra funds from the Qatari Investment Authority and Challenger, which represents Qatar's royal family.
