Acquisition

2nd Jun 2005 15:44

Barclays PLC02 June 2005 BARCLAYS IN FRANCE CONFIRMS THE ACQUISITION OF THE WEALTH BUSINESSES - ING FERRIAND ING PRIVATE BANKING Barclays Bank PLC ("Barclays") has signed an agreement for the acquisition ofthe wealth business of ING Securities Bank (France), consisting of ING Ferri andING Private Banking. This confirmation marks the successful conclusion ofconsultation with employee representative bodies and the finalisation of terms,and follows the initial announcement of 20th January, 2005. It is expected thatthe deal will be completed in early July. At 31st December 2004 the combinedbusiness of ING Ferri and ING Private Banking had net assets of approximately€10m, and assets under management of approximately €2.7bn. For further information please contact: Investor Relations Media RelationsJames S Johnson Pam Horrell+44 (0) 20 7116 2927 +44 (0) 20 7116 6132 This information is provided by RNS The company news service from the London Stock Exchange

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