Barclays deal doubts | City & Business | Finance | Express.co.uk
Barclays deal doubts | City & Business | Finance | Express.co.uk"
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Despite speculation that a deal could be agreed early this week Barclays said that “significant issues” still had to be ironed out. “The discussions are not yet concluded and there are a
number of significant open issues which could affect any transaction,” the bank said. Barclays is talking with a “number of parties” including US finance giant BlackRock over proposals for
its BGI business and subsidiary iShares. Bank of New York Mellon has also shown interest. The shares dipped 1¼p to 283¾p. The talks come weeks after Barclays agreed to sell iShares to
private equity firm CVC for £3billion but retained the right to sell the division to others under a “go-shop” agreement, ending on June 18. “There is no certainty these discussions will
result in Barclays concluding a different transaction than that with CVC regarding iShares,” the bank added. A BlackRock deal could leave Barclays with a 20 per cent stake in the business.
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