Barclays Bank has freed $6m in cash by selling stock in Oslo-listed Team Tankers.

The deal on Wednesday saw it offload 4.5m shares - a stake of 2.4%.

It still has 4.13% of the owner.

At the closing price of NOK 11, the transaction would have netted NOK 49.5m ($6.27m).

The overall Barclays group is listed as its second biggest shareholder, with around 21% of the company, according to the Team website.