My selection of industri news

Barclays, one of the most profitable financial services providers in world, recently confirmed that talks are being held with CVC Capital regarding the possible sale of iShares. CVC Capital, which is also one of the largest private equity firms globally, is very interested to purchase the highly profitable Barclays Global Investors-operated exchange-traded funds or ETFs.
Barclays did not give too much information regarding the sale but only confirmed that there is a big possibility a deal will push through. There have been rumours going around that the price tag of the business could be as high as £3 billion or around $4.28 billion. This is a hefty sum that Barclays can use to raise funds so as to prevent the British government from taking a part of the company’s stake.