Barclays announces sale of iShares for US$4.4 billion (£3.0 billion)

09 Apr 2009 16:00 GMT

The Board of Directors of Barclays PLC today announces agreement for the sale of its iShares business (“iShares”) to Blue Sparkle LP (“Bidco”), a new limited partnership established by CVC Capital Partners Group SICAV-FIS S.A. (“CVC”), for a total consideration of approximately US$4.4 billion (£3.0 billion).

The Board of Directors of Barclays PLC today announces agreement for the sale of its iShares business (“iShares”) to Blue Sparkle LP (“Bidco”), a new limited partnership established by CVC Capital Partners Group SICAV-FIS S.A. (“CVC”), for a total consideration of approximately US$4.4 billion (£3.0 billion).

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About Barclays

Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

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