Edward Bramson's Sherborne Investors Sells Entire Barclays Stake
By Adria Calatayud
Activist investor Edward Bramson's Sherborne Investors said
Friday that it has sold its entire 6.01% shareholding in British
bank Barclays PLC.
Sherborne Investors (Guernsey) C Ltd. said it has been notified
by Sherborne Investors Management LP that funds managed by it have
disposed their stake in the bank.
Sherborne Investors believes that the risk of and rewards from a
new investment opportunity that it has identified offer a better
return than a continuing investment in Barclays, Sherborne
Investors (Guernsey) C said. Sherborne Investors has started
investment into securities of its new target company, Sherborne
Investors (Guernsey) C said.
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(END) Dow Jones Newswires
May 07, 2021 02:40 ET (06:40 GMT)
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