Stakeholder in Barclays has Pounds 785m Banks and Hotel Kitty

Birmingham Post › August 20, 2009

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Summary

Dubai-based Al Habtoor Group, a stakeholder in Barclays, has up to pounds 785 million to invest in British banks and hotels in Europe.

The chairman of the company, one of the United Arab Emirates' largest family businesses, was one of several Middle East investors that bought into Barclays in 2008 as the lender looked to boost its capital to weather the financial crisis.

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Extract

Stakeholder in Barclays has Pounds 785m Banks and Hotel Kitty

"If there is opportunity in a good English bank share, we are also ready to study it and...

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