Barclays’ Plan to Sell Equity Arm
Monday, December 29, 2008 17:56Posted in category Banking and Finance, News
No Comments
It has been reported that, in a bid to strengthen its finances, Barclay, the giant in the banking sector, is now planning to sell off its private equity arm to management.
In order to raise funds, the bank could also sell off about 50% of its private equity investments. This change could see Barclay spin off its various private equity businesses into a new company, which is 40% owned by the bank and 60% by its management.
However, the spokesman for Barclays Private declined to comment.
Related posts:
- Barclays Refused to Join Government’s Scheme
The banking group—Barclays is to shun the taxpayer-backed toxic debt... - Barclays Edge Closer
The Barclay brothers are closer to taking control of Maybourne... - Trading Revenues Pump up Barclays
An increase in revenues in investment banking and £6.3bn gain... - Barclays Will Win on the Roundabouts
The sale of Barclays Global Investors may not be quite... - Private Equity Bidders Eye IDC
The owner of the Financial Times—Pearson, has whittled down the...
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
