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Barclays chair doesn't see Sumitomo stake sale leading to others

Mon, 10th Jun 2013 15:08

MONTREAL, June 10 (Reuters) - The sale by Japan's SumitomoMitsui Banking Corp of about half its stake in UKlender Barclays Plc does not mean other majorshareholders are likely to follow suit, Barclays Chairman DavidWalker said on Monday.

"My understanding is that for a long time Sumitomo haveindicated that it was their intention at the right time toreduce their holding, and they've now done so; but I don't thinkit has implications for any other investors," he told reportersat a conference in Montreal.

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