GLOBAL - Barclays looks to sell $ 10m asset management unit

The sale could derail the bank's £3bn sale of its iShares unit to London-based CVC Capital, announced in March this year, as the agreement gives Barclays has until June 18 to shop around for better offers. It has been reported that private equity firms BC Partners and Hellman & Friedman are rival bidders for the iShares unit.

BGI has more than £1trn of funds under managment. The $10bn sale of BGI would make it the largest ever in the fund-management industry.

As of this morning, Barclays shares rose 7.5% on the London Stock Exchange to 272 pence.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• UK / Ireland
• DACH
• Nordics
• France
• Southern Europe
• CEE
• Benelux