(Bloomberg) -- Barclays Plc agreed to sell the indexing business built around former Lehman Brothers benchmarks to Bloomberg LP for about 520 million pounds ($781 million), as Chief Executive Officer Jes Staley speeds up disposals of unwanted assets.

Barclays said it will post a 480 million-pound gain from selling the risk analytics and index solutions business, boosting its regulatory capital level by 0.1 percentage point, according to a statement Wednesday from the London-based bank. The deal needs antitrust approval and should be completed “mid-2016,” Barclays said. Bloomberg LP is the parent company of Bloomberg News.

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