Barclays Plc has launched a long-anticipated sale process for its Index, Portfolio and Risk Solutions (IPRS) business, which could yield around $400 million for the UK bank, according to people familiar with the matter. A process for the unit kicked off in early June with indications of interest from prospective bidders due later this month, the people said this week, asking not to be named because the matter is not public.The business has attracted preliminary interest from several parties, including MSCI Inc, Standard & Poor's , FTSE, Markit Ltd, Bloomberg LP and Thomson Reuters Corp, Interactive Data Corp the people added.Reuters first reported in November that Barclays began exploring options for the index business following an approach from MSCI, another index business.A Barclays spokesman declined to comment. Representatives for MSCI, Markit, Bloomberg and Thomson Reuters did not immediately respond to requests for comment. Representatives from FTSE, Standard & Poor's and Bloomberg declined to comment.
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS fell by 1.05% or $-0.17/share to $16.02. In the past year, the shares have traded as low as $15.32 and as high as $19.59. On average, 2370880 shares of BCS exchange hands on a given day and today's volume is recorded at 1527999.
Shares of MSCI fell by 0.76% or $-0.34/share to $44.58. In the past year, the shares have traded as low as $32.56 and as high as $46.40. On average, 657791 shares of MSCI exchange hands on a given day and today's volume is recorded at 1193379.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.04% or $0.37/share to $36.04. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 806955 shares of TRI exchange hands on a given day and today's volume is recorded at 1038465.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.29% or $0.11/share to $38.70. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 676389 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1864609.
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