Barclays looks to offload its natural resource unit: Bloomberg

Tue Jul 8, 2014 1:27pm EDT

A ''no parking'' road sign is seen in front of a Barclays branch in downtown Rome May 8, 2014.  REUTERS/Max Rossi

A ''no parking'' road sign is seen in front of a Barclays branch in downtown Rome May 8, 2014.

Credit: Reuters/Max Rossi

Related Topics

(Reuters) - Barclays Plc (BARC.L) 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)

FILED UNDER: