LONDON, Dec 16 (Reuters) - Barclays Plc has soldits benchmark indices and risk analytics business to financialdata provider Bloomberg for about 520 million pounds ($781million), the British bank said on Wednesday.
Barclays said the sale of its Risk Analytics and IndexSolutions business will result in a pretax gain of about 480million pounds and should lift its common equity capital ratioby about 10 basis points.
The bank said it was further evidence of its reduction ofactivities that it does not consider strategically important.($1 = 0.6657 pounds) (Reporting by Steve Slater; Editing by Keith Weir)