July 8 Barclays Plc has hired an adviser to help the British bank offload its natural resource focused private-equity unit, Bloomberg reported on Tuesday, citing sources.
The deal could value the unit, Barclays Natural Resource Investments (BNRI), at $1 billion to $1.4 billion, the news agency quoted three people with knowledge of the matter as saying. (bloom.bg/1mFoGLB)
A division founded in 2006, BNRI has commitments of over $2 billion with more than 20 portfolio companies, according to the company's website.
A spokeswoman for Barclays declined to comment. (Reporting by Esha Vaish in Bangalore; editing by Gunna Dickson)