Sources say Barclays (BCS) has entered exclusive talks with private equity firm CVC Capital...

|About: Barclays PLC (BCS)|By:, SA News Editor

Sources say Barclays (BCS) has entered exclusive talks with private equity firm CVC Capital Partners to sell its iShares business. Rumored price of £3B is well below initial estimates of £4-5B, but BCS will retain a 20% stake in the ETF business. A deal could help Barclays achieve its goal of avoiding government assistance. BCS +2.3% premarket.