Barclays is in talks to sell Barclays Global Investors (BGI), the British bank said on Monday, with U.S. fund manager BlackRock the frontrunner to land the asset manager, according to people familiar with the matter.
BlackRock and Bank of New York Mellon are both in talks to buy BGI in a deal that could be worth about $12 billion and might come early this week, the sources said, who asked not to be named as the talks are confidential.
The deal could see Barclays take a stake of up to 20 percent in the enlarged asset manager in a deal structured similarly to its planned sale of iShares, the sources said.
