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CVC is challenged for Barclays ishares business

Barclays Bank is understood to have received up to three new bids for its ishares division.

Reports say that buyout specialists BC Partners, Apax and Hellman and Friedman have all tabled bids above the £3bn initially tabled by private equity group CVC.

Barlcays decided to sell the exchange traded business earlier this year in a bid to steer clear of any need for a cash injection from the Government. However the deal with CVC, which beat as many as 27 other suitors to the deal, is understood to have a “go shop” clause which allows them to accept higher bids, with CVC entitled to £120m break fee.


OBSR suspends Stewardship ratings

Old Broad Street Research (OBSR) has suspended the A ratings on the F&C Stewardship Growth and Stewardship Income funds.It said today that the decision was made following the announcement that Catherine Stanley is taking over the management of the funds, which were previously managed by Ted Scott and Hilary Aldridge.Related Articles:Finding green ways round the […]


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