Barclays shares rise amid BGI sale rumours

15 May 2009 / by Rebecca Sargent
Barclays shares jumped by almost 10 per cent this morning amid reports it is in talks to sell its asset management arm Barclays Global Investors (BGI).

According to reports, bidders for Barclays Global Investors include the US investment group Blackrock, and offers are expected to be in the region of £6.5billion ($10billion), despite the fact that BGI has already agreed a sale for its iShares division.

However, the sale of Barclays iShares remains ongoing, despite an agreed offer from CVC Capital Partners for £3billion, iShares is still accepting bids, and will continue to do so until mid June, suggesting that offers could now be made on the group as a whole.

Barclays shares currently stand at 277p, an increase of 24p since the markets closed last night.

Find out more about Barclays share dealing »

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