Strategic partnership for BNRI

RNS Number : 2757C

Barclays PLC

30 April 2012

 



30 April 2012

Barclays PLC

Barclays Natural Resource Investments (BNRI) and Qatar Asset Management Company form major strategic partnership

The Qatar Asset Management Company ("QAMC"), a collaboration between the Qatar Financial Centre Authority ("QFC Authority") and the Qatar Investment Authority, and Barclays Natural Resource Investments ("BNRI"), a division of Barclays Bank PLC, today announced the formation of a major strategic partnership. BNRI is a global private equity business focussed on natural resource investment opportunities.

Under the partnership terms agreed, QAMC will co-invest $250 million in BNRI's current and future portfolio companies, of which a substantial proportion will be allocated to BNRI's existing $2.1 billion portfolio of companies. BNRI will continue to source, execute, manage and exit private equity transactions in the natural resources sectors on a global basis and co-investors will be invited to participate immediately upon completion of each transaction.

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For further information please contact:

Investor Relations	Media Relations
Charlie Rozes	Giles Croot
[phone]	[phone]

About Barclays PLC

Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 146,000 people. Barclays moves, lends, invests and protects money for over 48 million customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.

 

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