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Barclays approached over possible BGI sale

Barclays has confirmed receiving expressions of interest in buying the Barclays Global Investors (BGI) asset management business.

In a statement to the stockmarket, Barclays said it had received “a number of expressions of interest” in buying its iShares trackers business, “including unsolicited interest in the broader BGI business”.

Barclays announced the sale of iShares to CVC Capital Partners on April 9, but can consider other bids until mid-June, although it would have to pay $175m to CVC if it sold iShares elsewhere.

The company did not confirm what companies wished to buy the whole of BGI but said it would update the market further “at the conclusion of the go-shop process”.

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Barclays confirms iShares sale

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