Barclays to book £5.3bn gain from BGI sale

Barclays said today that it expects to book a £5.3bn (€6.2bn) gain from the sale of Barclays Global Investors to BlackRock, substantially improving its capital strength.

The UK bank said it has agreed to sell BGI to BlackRock for £8.2bn. Barclays said that under the terms of the deal it will get a 19.9% interest in BlackRock and £4bn in cash.

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