DENHAM, ENGLAND-The Barclays brothers, David and FrederickBarclay, have sold off their 10% stake in the InterContinentalHotel Group. The brothers' broker, Barclays Capital placed 29.9million shares of InterContinental, which were held by the brothersat GBP 11.20.
They were the group's biggest shareholders with about 10% of theshares, when they started buying InterContinental's shares since2006. Due to this sale, the share price of InterContinental droppedby 7.6% to GBP 11.08. For the full story, go to Reuters.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
