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Barclays Close To Selling BGI To Blackrock

(Reuters) – British bank Barclays (BARC.L) is close to selling its Barclays Global Investors asset management unit to U.S. money manager BlackRock (BLK.N), the Financial Times said in a blog post on Friday.

Citing “usually knowledgeable sources,” the newspaper’s Alphaville blog said the bank was preparing a release for after the close of trading in New York.

A price of $11 billion to $13 billion “has been mooted,” the FT said, adding that last-minute haggling over the price could still delay an announcement.

Barclays did not immediately have a comment. Blackrock declined to comment, citing a company policy not to comment on rumors or speculation.

(Reporting by Douwe Miedema in London and Elinor Comlay in New York)