The main Middle East investor who pumped billions of pounds into Barclays Plc effectively sold a chunk more shares, giving him a profit of over $3 billion on the deal and sending the British bank's shares lower.
The sale came as concern mounted that income at Barclays Capital (BarCap), the investment bank arm, will fall short of expectations for the third quarter and possibly next year.
A vehicle of Abu Dhabi's Sheikh Mansour, owner of English soccer team Manchester City, exercised 131.6 million warrants in Barclays, equivalent to a 1.1 percent stake, and simultaneously entered into a hedging arrangement with Nomura, it said in a statement after Thursday's UK stock market close.
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