It looks like iShares might really be sold.
“Barclays has started exclusive negotiations with CVC Capital Partners, the private equity group, to sell the exchange traded funds business of its iShares subsidiary in a deal expected to be worth about £3bn,” reported the Financial Times.
This comes on the heels of the FT’s report that Barclay’s was in talks with three suitors.
I’m still digesting this. More to come.