Barclays IPRS sale could reach $400m

Barclays has launched a long-anticipated sale process for its Index, Portfolio and Risk Solutions (IPRS) business, which could yield around $400m for the UK bank, according to people familiar with the matter.

Reuters reports that 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 and Thomson Reuters, Interactive Data Corp the people added.

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