Barclays BARC.LN -5.39% PLC's biggest shareholder, Qatar Holding, Monday cashed in on an investment in the bank that was struck during the financial crisis, leading to a selloff in the lender's stock.
The Qatari sovereign-wealth fund said it "monetized" 379 million warrants it held on Barclays shares, but didn't identify its counterparty in the transaction. Deutsche Bank AG and Goldman Sachs Group Inc. said later that together they had sold 303.3 million shares—worth around $1.2 billion at the selling price of 244 pence a share—in connection with the Qatar deal.
Neither bank was willing to comment further. The sale of stock by the banks pushed Barclays shares lower. The stock closed down 5.4% at 240.5 pence.
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