SWFs involved in Barclays's £4.5 billion share off

Two sovereign wealth funds will invest a combined amount of almost £2 billion (£3.93 billion) in Barclays, the bank said on Wednesday.

Temasek, one of two sovereign wealth funds managed by the Singaporean authorities, and the Qatar Investment Authority will purchase £1.96 billion-worth of shares in Barclays as part of a £4.5 billion offer.

The Qatari sovereign wealth fund will invest £1.76 billion. Temasek, which already holds a 2.1% stake in Barclays purchased last year, will invest £200m.