(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.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access