China and Singapore buy Barclays shares

The Chinese and Singaporean governments became major shareholders in Barclays bank today as the bank raised its offer for Dutch takeover target ABN Amro.

China and Singapore buy Barclays shares
Mon, 23 Jul, 2007 - 09:10

The Chinese and Singaporean governments became major shareholders in Barclays bank today as the bank raised its offer for Dutch takeover target ABN Amro.

The bank, which is fighting against a Royal Bank of Scotland-led consortium to land ABN, is using the funding to lift its offer to €67.5bn.

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