The Board of Directors of Barclays PLC announced an agreement to sell iShares and Barclays Global Investors to BlackRock, one of the world’s leading asset managers. …
Barclays Plc will retain a significant stake in the combined firm. BGI and BlackRock’s businesses are highly complementary, and the two firms will be merged and operate as a unified entity under combined leadership from both BGI and BlackRock once the transaction closes. The continuity of the iShares business is a central tenet of this transaction. Against a challenging economic backdrop the business has experienced ongoing growth as we have provided innovative investment solutions to investors around the world. We are grateful for your continued support.
Along with the rest of the iShares management team, I am very excited to work with BlackRock in taking the iShares business forward. BlackRock is one of the world’s leading asset management firms with deep expertise in investment research, portfolio management and risk analytics. As the global leader in Exchange Traded Funds, iShares’ success is built on our commitment to serving investors around the world.
This commitment will continue under the new ownership of iShares. This deal provides an excellent platform for the next phase of iShares growth. With the support of a combined BGI and BlackRock, iShares is well positioned to continue growing the ETF category worldwide, providing you with transparent, liquid and low cost investment tools, to help meet your investment objectives.
Source: ETFWorld.co.uk – Barclays
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