Cvc Partners Snaps Up Ishares From Barclays in Pounds 3 Billion Deal [Edition 2]

Evening Standard - London › April 09, 2009

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Summary

BARCLAYS today agreed the Pounds 3 billion sale of its exchange traded funds business iShares to British private-equity group CVC Partners.

The deal will trigger a Pounds 4.7 million payout to Bob Diamond, Barclays president and chief executive of iShares' immediate parent Barclays Global Investors. Barclays will retain a 20% stake in iShares and has also decided not to include the stock lending business in the sale.

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Cvc Partners Snaps Up Ishares From Barclays in Pounds 3 Billion Deal [Edition 2]

It will finance a huge chunk of the deal itself, putting up as m...

See the full content of this document