Barclays’s $12-billion sale of BGI unit to BlackRock looks imminent
Submitted by Harkamal Singh on Mon, 06/08/2009 - 14:02
According to unnamed sources, the banking group Barclays is negotiating with the US money manager BlackRock about a prospective sales deal of its Barclays Global Investors (BGI) unit. Earlier reports mentioned Barclays being close to agreeing on a $12-billion sale of BGI to the Larry Fink-led BlackRock.
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