{"id":10340,"date":"2009-04-14T00:00:00","date_gmt":"2009-04-14T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"barclays-to-sell-ishares-business-to-cvc-capital-for-44-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/barclays-to-sell-ishares-business-to-cvc-capital-for-44-billion.html","title":{"rendered":"Barclays to sell iShares business to CVC Capital for $4.4 billion"},"content":{"rendered":"<p>Banking Business Review &#8211; The board of directors of Barclays has entered into an agreement for the sale of its iShares business to Blue Sparkle, a new limited partnership established by CVC Capital Partners, for a total consideration of approximately $4.4 billion.<\/p>\n<p>Barclays has said that this transaction gives the company the opportunity to maximise value through the sale of a business which represents a channel for Barclays Global Investors (BGI); and provides Barclays the opportunity to participate in future value creation through a continuing commercial relationship with the iShares business and the potential crystallisation of consideration through a cash-settled participation interest entitling Barclays to receive a portion of the value uplift on iShares if certain performance-related hurdles are met.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/ecnsexchanges.banking-business-review.com\/news\/barclays_to_sell_ishares_business_to_cvc_capital_for_44_billion_140409\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banking Business Review &#8211; The board of directors of Barclays has entered into an agreement for the sale of its iShares business to Blue Sparkle, a new limited partnership established by CVC Capital Partners, for a total consideration of approximately [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[584,10259,581,10260,346,10262,10263,2922,10265,10267,10266,8206,10261,10268,10264],"class_list":["post-10340","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-barclays","tag-barclays-global-investors-bgi","tag-barclays-global-investors","tag-blue-sparkle","tag-board-of-directors","tag-commercial-relationship","tag-crystallisation","tag-cvc-capital-partners","tag-future-value","tag-hurdles","tag-ishares","tag-limited-partnership","tag-participation-interest","tag-uplift","tag-value-creation"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10340"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10340\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}