Barclays notes press speculation about a possible sale of BGI
15 May 2009 13:28
On 9th April 2009, Barclays announced the sale of its iShares business (“iShares”) to a new limited partnership established by CVC Capital Partners Group SICAV-FIS S.A. for a total consideration of approximately US$4.4 billion (£3.0 billion).
Under the transaction agreement, Barclays may solicit proposals for iShares from third parties for at least 45 business days from 15th April 2009. Barclays has received a number of expressions of interest, including unsolicited interest in the broader BGI business. There can be no certainty that any of these approaches will result in a different transaction. Barclays will update the market further upon the conclusion of the go-shop process.
Notes to Editors:
About Barclays
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, 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 155,000 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.