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International Petroleum Investment Company - Barclays assets disposal

- $2,500.00 m

  • Entry date - Thursday, 11 June 2009
  • Jurisdiction - United Arab Emirates
  • Practice - Corporate, Finance, Government
  • International Petroleum Investment Company (IPIC) disposals of approx. 1.3 billion Barclays PLC ordinary shares of (13.5% of Barclays issued share capital) and disposal of £1,250,000,000 principal amount of 14% Step Up Callable Reserve Capital Instruments of Barclays Bank PLC.


  • Firm - Shearman & Sterling
  • Client - International Petroleum Investment Company
  • Lead Lawyers - Philip Dundas, Tim Pick
  • Role - Counsel on Abu Dhabi law

Deal summary

International Petroleum Investment Company (IPIC) disposals of approx. 1.3 billion Barclays PLC ordinary shares of (13.5% of Barclays issued share capital) and disposal of $2 billion worth of reserve capital instruments of Barclays.


Shearman & Sterling provided Abu Dhabi advice, tax and regulatory advice.


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