Barclays Mulls Sale of Global Blue

Barclays Private Equity is considering a $1.12 billion sale of tax-free shopping company Global Blue, Reuters reported, citing a report from Sky News. Global Blue is based in Switzerland. Barclays is reportedly considering investment banks in its preparations to sell the company.

(Reuters) – Barclays Private Equity is considering a 700 million pound ($1.12 billion) sale of tax-free shopping company Global Blue, Sky News reported on Sunday, citing unidentified sources.

Barclays PE, an arm of Barclays Plc , is considering a number of investment banks as it prepares for the sale of Global Blue, Sky’s Mark Kleinman reported.

He wrote in his blog that people close to the process estimated that the sale of the Switzerland-based company could fetch at least 700 million pounds, and possibly as much as 800 million pounds.

Barclays PE was not immediately available for comment.

($1 = 0.620 British Pounds)

(Reporting by Brenda Goh; Editing by Richard Chang)