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Goldman Sachs may bid for Barclays’ iShares

Goldman Sachs is reported to be preparing a bid for Barclays’ asset management business iShares.

An article in today’s Financial Times claims Barclays is in talks with Goldman as well as three or more other parties about its exchange traded funds arm, which could be valued at as much as £6.5bn.

Other potential bidders include private equity group Bain Capital, a consortium led by buy-out firm Hellman & Friedman and US fund manager Vanguard, according to the FT.

Bids for the iShares are due next week.

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