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Barclays Might Sell Natural Resource Unit For $1.4 Billion

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Bloomberg
July 10, 2014

Bloomberg reported on July 8 that Barclays Plc (NYSE: BCS), Britain’s second-largest bank, hired an adviser to sell its natural resource-focused private-equity unit, according to three people with knowledge of the matter.

The transaction might value Barclays Natural Resource Investments (BNRI) at between $1 billion and $1.4 billion, said the people, who asked not to be identified because the talks are private. In addition to the bank’s capital, BNRI also manages about 230 million pounds (US$394 million) on behalf of other investors.

Barclays is the latest bank to divest private-equity ...


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