Barclays
http://www.barclays.com/Barclays plc is a global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. It has an extensive international presence in Europe, the United States, Africa and Asia. In addition, the bank is one of the ten largest banks in the world measured by market capitalization. Barclays is headquartered in London, England.
Notable Mergers and Acquisitions of the Day 3/31: BCS, VR/IPCR, DBLE/PTSG
Barclays (NYSE: BCS) is in talks to sell its iShares asset management unit to PE shop, CVC Partners, for approximately $4 billion, according to Reuters.
The sale would not include the securities lending business of Barclays Global Investors (BGI), the parent of iShares, the source told Reuters. Barclays would retain a roughly 20% exposure to iShares through warrants.
They are likely excluding the securities lending business to make the deal less complex with U.S. regulators.
The Reuters source said a ...
