Barclays weighs up bid for BGI
Talks between Barclays and private equity house BC Partners over a counter-bid for exchange-traded funds unit iShares are said to have cooled, after the bank entered talks to sell its entire Barclays Global Investors (BGI) division.
Barclays was looking to attract new bids for iShares to trump the £3bn offer it received from CVC Partners.
But the bank is now understood to be focusing on a bid for BGI, worth around $10bn (£6.3bn), from investment manager BlackRock.