Hellman & Friedman Group Set to Buy Barclays’ iShares, Dow Says

Also see: The Lexington Comair Crash, parts 13 and 18 for Hellman & Friedman/CIA/organized crime/Hunt family connections

By Alistair Holloway
Bloomberg, March 22, 2009

Hellman & Friedman LLC is leading a group of private-equity companies that is set to buy Barclays Plc’s iShares business, Dow Jones reported, citing an unidentified person familiar with the situation.

The deal, if completed, would value the unit at about $5 billion, the report said.

Barclays’ spokeswoman Nicola Hankey declined to comment when contacted by Bloomberg News today.

Barclays said March 16 it was in talks to sell the exchange-traded funds unit to bolster capital without turning over a stake to the U.K. government. Rivals Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc boosted capital through a state asset-insurance plan that allowed increased state ownership of the companies.

http://www.bloomberg.com/apps/news?pid=20601102&sid=afYDFiZGeZd4&refer=uk