20th Nov 2013 08:13
LONDON (Alliance News) - Barclays is considering strategic options for its index business after an approach from equity index provider MSCI Inc. about buying the unit, Reuters reported, citing several people familiar with the situation.
Although MSCI's approach has given Barclays food for thought, Reuters said bank hasn't yet decide whether to sell the Barclays Indices platform, which includes products such as the Barclays US Aggregate Bond Index.
Reuters said its sources requested anonymity because they aren't permitted to speak to the media.
No indication was given as to the likely price tag for the index unit, nor how much MSCI offered.
Barclays shares were at the open Wednesday at 252.02 pence, up 0.5%.
http://uk.reuters.com/article/2013/11/19/uk-barclays-indexsale-idUKBRE9AI0WX20131119
By Samuel Agini; [email protected]; @samuelagini
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