City broadside over £7bn bank deal
Barclays has received a broadside from the City after shareholders voted to approve a controversial £7 billion fund-raising that will put almost a third of the bank into Middle East ownership.
The four key votes at the company's extraordinary meeting in London showed that shareholders representing more than one in five of the votes cast either opposed or abstained on the plans.
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.
