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Barclays shares rose 2.4 per cent to 731 pence in early trading - lifting the value of its offer to 69 billion euros - aided by the investment of up to 13.4 billion euros by China Development Bank and Singapore state investor Tema-sek.
An initial investment from the pair of 3.6 billion euros will be used by Barclays to buy back shares during the takeover process, which analysts said would lend support......
The remainder of the investment from China and Singapore, almost 10 billion euros, will be made if Barclays wins ABN.
| Barclays raises bid for ABN to $93b |
Reuters Published: July 24, 2007, 00:06 |
| London/Beijing: British bank Barclays has raised its bid for Dutch group ABN Amro to 67.5 billion euros ($93 billion), helped by some of the biggest ever overseas investments by China and Singapore. |
Barclays shares rose 2.4 per cent to 731 pence in early trading - lifting the value of its offer to 69 billion euros - aided by the investment of up to 13.4 billion euros by China Development Bank and Singapore state investor Tema-sek.
An initial investment from the pair of 3.6 billion euros will be used by Barclays to buy back shares during the takeover process, which analysts said would lend support......
The remainder of the investment from China and Singapore, almost 10 billion euros, will be made if Barclays wins ABN.
