LONDON (Alliance News) - Standard & Poor's and Markit Ltd have emerged as the final bidders in the race to buy the index business being offloaded by Barclays PLC, a deal which could fetch more than USD1 billion, Reuters reported on Tuesday.
The FTSE 100-listed bank has narrowed the bidder list to S&P Dow Jones Indices, the index provider owned by McGraw-Hill Financial Inc, and Markit, the financial information services provider, following an auction which also drew the attention of companies including MSCI Inc and Bloomberg LP, Reuters said, citing people familiar with the matter.
The bank launched the sale of the Index, Portfolio and Risk Solutions business in the summer and, according to the sources cited by Reuters, could conclude the process within weeks. The unit includes a basket of more than 98 indexes, according to the Barclays website.
http://uk.reuters.com/article/2014/09/09/uk-barclays-index-idUKKBN0H424P20140909
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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