Barclays has reportedly experienced up to 6% dip in its shares in the early trading hours of today just after a top investor withdrew stock roughly equivalent to a 3% stake in the lender.
An investor who remained anonymous launched a sales process for 575 million shares yesterday, which was facilitated by Goldman Sachs.
Barclays shares opened down around 6%, near the sale price.
According to Refiniv Eikon data, some top shareholders with around 3% stake in Barclays include the Qatar Investment Authority and Blackrock.
However, the sale comes as Barclays disclosed an estimated £450m loss yesterday due to overselling structured products in the US.This also led to a 4% fall in Barclays’ stock this week.
Barclays further disclosed that it would have to delay a planned £1 billion share buyback because of the loss, which it will have to incur as a result of buying back the securities in question at their original purchase price.
