Barclays announces fundraising plans for Lehman assets

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Barclays announces fundraising plans for Lehman assets

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09-19-2008, 07:11 PM

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Barclays announces fundraising plans for Lehman assets

Barclays, Britain’s third largest bank, has revealed plans for a £701 million share issue in a bid to finalise the acquisition of Lehman Brothers’ core assets. It is also planning to raise £600 million from existing shareholders.The combined £1.3 billion will allow Barclays to finalise the deal and boost the bank’s capital strength, which has [...]

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