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Barclays and BlackRock in talks on iShares sale

Barclays is in talks with BlackRock over a deal for the sale of its iShares and Barclays Global Investors business.

In a stockmarket alert on Monday, the bank confirmed that it had received interest from other bidders after announcing the sale of iShares to CVC partners for 2.76bn. It says it will update the market on the outcome of the process agreed with CVC no later than June 19.

The alert confirmed Barclays has been in discussions with a number of parties, including BlackRock, but these are not yet concluded and there were significant issues which could affect the nature and terms of any transaction.

It said: “There is no certainty that these discussions will result in Barclays concluding different transaction than that announced on April 9 with CVC regarding iShares.”

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Super-Novia

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