Report - Barclays plans to offer unit for sale

Getting the house in order.

Barclays plans to solicit offers in the next month for its index business, which could fetch $400m in a sale, people with knowledge of the matter said.

Bloomberg reports that CME Group, which had approached Barclays about buying the Index, Portfolio and Risk Solutions unit last year, is expected to make an offer, one of the people said, asking not to be identified because the matter isn’t public.

Known as IPRS, the business manages benchmarks including the U.S. Aggregate Bond Index, which follows the broad debt markets, as well as indexes acquired as part of the bank’s acquisition of assets from Lehman Brothers after its 2008 collapse.

To access the complete Bloomberg article hit the link below:

Barclays Said to Plan Sale of Index Unit Valued at $400 Million

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