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Barclays confirms approaches for BGI

Posted on May 15, 2009 6:30 PM
Barclays plc confirmed Friday that it is considering the sale of Barclays Global Investors, the global asset management behemoth and the parent company of iShares Ltd., the exchange-traded fund business that's been on the block. The news dashed prospects that CVC Capital Partners Group would close its $4.4 billion agreed purchase of iShares.

The London bank said it had received "unsolicited interest in the broader BGI" during a "go-shop" exercise for iShares that ends June 18.

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