Barclays Global Investors has undergone significant strategic shifts in recent years. The company's focus on exchange-traded funds (ETFs) has been a key driver of growth.
In 2009, Barclays Global Investors merged with BlackRock, creating one of the largest asset management companies in the world. This move marked a major shift in the company's strategy and expanded its global reach.
The acquisition allowed Barclays Global Investors to leverage BlackRock's expertise and resources, enabling it to offer a wider range of investment products and services to its clients. This strategic shift has had a lasting impact on the company's operations and success.
By expanding its product offerings and global presence, Barclays Global Investors has been able to tap into new markets and client segments, driving further growth and innovation.
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Recent Developments
Barclays Global Investors has been sold to Blackrock for £4bn in cash and a 19.9 per cent stake in the new business.
The deal includes the purchase of Barclays ETF business iShares and would see the combined business increase its assets under management to £1.6trn.
Blackrock's offer is valued at £8.2bn, with Barclays receiving 37.784m shares in the new company worth £4.2bn.
Barclays had previously agreed to sell the investment management division to another party but was allowed to shop around for a better offer.
If the deal is agreed, BGI chief executive Blake Grossman will become vice chairman of the new business.
Barclays shares rose 6 per cent after saying it had received bid approaches for Barclays Global Investors.
CVC Capital has agreed to buy iShares for $4.4 billion (£2.9 billion) and may be prepared to match any higher offer.
Analysts believe that BGI, including iShares, could fetch $10 billion.
Barclays was the top riser, up 14¾p at 267¾p, giving its shares a rise of more than five times since their nadir of 51p at the end of January.
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Frequently Asked Questions
Who bought Barclays Global Investors?
BlackRock, Inc. acquired Barclays Global Investors in 2009 for $13.5 billion. The acquisition made BlackRock the world's largest asset manager.
Who is the largest shareholder of Barclays?
The largest shareholder of Barclays is BlackRock, Inc., holding 8.3% of the company's shares. This significant stake is a notable aspect of Barclays' ownership structure.
Is Barclays owned by BlackRock?
No, Barclays is not owned by BlackRock, but BlackRock has a significant stake in the company, owning approximately 8.6% of its shares.
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