Barclays sells iShares to CVC for $4.2bn

View an online version of this email here.  All times are London time: Thursday Apr 09 2009 Breaking news Barclays sells iShares to CVC for $4.2bn Bob Diamond, Barclays' president, is set to pocket a $6.9m cash windfall after the banking group on Thursday agreed to sell its iShares subsidiary to CVC Capital, the private equity group, for $4.2bn (£2.8bn). The long-awaited sale of the fast-growing fund management business will boost Barclays' capital reserves as the bank seeks to strengthen its balance sheet to help it weather further losses that arise from the global economic downturn. Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.