Barclays in talks to sell asset-management arm for $10B

05/15/2009 | Bloomberg · Financial Times (free content)

BlackRock and Bank of New York Mellon are reportedly potential bidders for Barclays Global Investors, Barclays' asset-management division. An initial auction for BGI's exchange-traded funds unit, iShares, resulted in negotiations over the potential sale of BGI. Last month, Barclays agreed to sell iShares to CVC Capital Partners, but the bank can seek alternative bidders under the sale's "go-shop" provision.

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Bloomberg · Financial Times (free content)

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