Financial Times FT.com

Barclays faces vote on £7bn stake sale

By Jane Croft and Kate Burgess

Published: November 23 2008 23:59 | Last updated: November 23 2008 23:59

Investors will today confront Barclays executives at a potentially stormy meeting called to approve a controversial £7bn capital raising that will result in Middle Eastern investors controlling about a third of the bank.

Barclays is holding an extraordinary meeting in London at which it hopes to gain approval to raise capital from the Qatar Investment Authority and Sheikh Mansour Bin Zayed Al Nahyan, a member of Abu Dhabi’s royal family.

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