Sherborne Investors acquires 5% stake in Barclays

Edward Bramson’s Sherborne Investors has acquired a 5% stake in Barclays, the UK-based bank.

The surprise move by the so-called “activist investor” was confirmed by Barclays in a statement issued via the London Stock Exchange this morning: “Barclays notes that Sherborne-controlled entities have acquired voting rights over 5.16% of its issued share capital.

“As with all its shareholders, Barclays will continue to engage with Sherborne, and welcomes them as a shareholder.”

The Sherborne stake, a combination of derivatives and shares, is worth £580m. “Sherborne Investors has advised the company that its turnaround assumptions indicate a potential return on the investment in line with Sherborne Investors’ customary return objectives,” a statement from the company read.

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Christopher Copper-Ind
Christopher Copper-Ind is Editor of International Investment. He has extensive experience of the publishing industry having worked across the Middle East and Europe. He oversees the content across all its formats together with the business development for International Investment.

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