Barclays completes the sale of BGI to BlackRock

[Legal Beagles]

Barclays PLC (“Barclays”) has completed the sale of Barclays Global Investors to BlackRock, Inc. (“BlackRock”), which was announced initially on 12 June 2009, following the receipt of all necessary shareholder and regulatory approvals and satisfaction of other closing conditions.* The consideration at completion was US$15.2 billion (£9.5 billion), including 37.567 million new BlackRock shares giving Barclays an economic interest of 19.9% of the enlarged BlackRock group.


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