The sale iShares to private equity firm CVC Capital Partners was earlier this week thrown into un...
The sale iShares to private equity firm CVC Capital Partners was earlier this week thrown into uncertainty when parent company Barclays confirmed it is had received further offers for the ETF business. Now, Barclays has also confirmed that it has received "a number of expressions of interest, including unsolicited interest in the broader BGI business".
The UK bank announced the sale of iShares to CVC on April 9 2009 for a total amount of around $4.4bn.
However, the transaction agreement enables Barclays to solicit proposals for iShares from third parties for at least 45 business days from April 15 2009.
Although Barclays states that "there can be no certainty that any of these approaches will result in a different transaction," the opportunity remains for parties other than CVC to buy either iShares on its own or BGI as a whole.
The Financial Times reported this morning that Barclays is in talks with BlackRock among other potential bidders over the sale of BGI for around £6.5bn.
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