July 8, 2014 / 5:30 PM / in 4 years

Barclays looks to offload its natural resource unit: Bloomberg

(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

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