has confirmed that private equity firm CVC Capital Partners
is its preferred bidder. Earlier Tuesday media organizations including Dow Jones reported that Barclays was in exclusive talks with CVC.
The U.K.-headquartered also said that if a deal is reached with CVC, it would not include iShares' associated securities lending business.
Barclays notes recent press comment regarding a possible sale of iShares. As announced on 16 March, Barclays has held discussions with a number of potentially interested parties.
We now have a preferred bidder, CVC Capital Partners. If these negotiations reach a satisfactory conclusion, it would lead to a sale of Barclays iShares business without the attributable securities lending business. Earlier speculation assumed the sale of both iShares and securities lending.
A further announcement will be made in due course.
Stay ahead of the news ... Sign up for our email alerts now