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BARC Barclays Plc

204.85
0.85 (0.42%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Barclays Plc LSE:BARC London Ordinary Share GB0031348658 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.85 0.42% 204.85 204.75 204.85 205.00 199.20 202.00 41,333,857 16:29:57
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 25.38B 5.26B 0.3470 5.89 30.96B

Qataris Bid for Canary Wharf

06/11/2014 3:00pm

Dow Jones News


Barclays (LSE:BARC)
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From Apr 2019 to Apr 2024

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LONDON--U.K. real-estate company Songbird Estates PLC, which owns 69% of Canary Wharf Group, said Thursday it had received a preliminary joint bid approach from Qatar Investment Authority and Brookfield Property Partners LP.

Shares in Songbird, which said its board would consider the approach, soared on the news, trading 12% higher at 294 pence at 13:22 GMT.

Qatar Investment Authority already owns a 28.6% stake in Songbird Estates, while Brookfield holds about a 22% stake in Canary Wharf Group, which owns the Canary Wharf development in London.

The consortium has until 17:00 GMT on Dec. 4 to either bid for Songbird or withdraw.

Canary Wharf, an area outside London's traditional financial district, has grown since 1990 from derelict docks into a vast estate of modern office buildings. The area includes offices of Barclays PLC and HSBC Holdings PLC.

Write to Tapan Panchal at Tapan.Panchal@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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