The FINANCIAL — Barclays notes further press comment regarding the potential disposal of Barclays Global Investors ("BGI").
Following the announcement by Barclays of the sale of its iShares business ("iShares") to CVC Capital Partners SICAV-FIS S.A. ("CVC") for a total consideration of approximately $4.4billion on 9 April 2009, Barclays has received other proposals for iShares and the broader BGI business. In assessing such proposals, Barclays has had discussions with a number of parties, including with BlackRock, about both iShares and BGI. The discussions are not yet concluded and there are a number of significant open issues which could affect the nature and terms of any transaction. There is no certainty that these discussions will result in Barclays concluding a different transaction than that announced on 9 April with CVC regarding iShares.
Barclays will update the market further upon the conclusion of the "go-shop" process it agreed with CVC and in any event no later than 19 June 2009.
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