Home > banking, business > Goldman Sachs eyes Barclays iShares unit: source

Goldman Sachs eyes Barclays iShares unit: source

Barclays is in talks with Goldman Sachs about a sale of the British bank’s iShares unit, a source familiar with the situation said, adding one more name to a growing list of possible bidders.

This weekend, sources said that private equity groups Hellman & Friedman, Bain Capital and TPG had all shown interest in iShares, the exchange-traded funds provider.

H&F wanted to form a consortium and was eyeing an offer of around $5 billion, while Bain Capital and Goldman were mulling separate offers, the first source said on Monday.

Bids for the business are not due until at least this Thursday, the person said.

Separately, the Financial Times reported on its website that other trade bidders that are thought to be interested in iShares include Vanguard, the U.S. fund manager specializing in index-tracking funds.

Barclays, which said last week it may sell the iShares exchange-traded funds provider, declined to comment.

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This article was originally posted on Reuters

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