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BGI suitors aim to scupper CVC iShares deal

FUND management firm Blackrock and Bank of New York Mellon are believed to have tabled bids for Barclays&rsquo; BGI unit, valued at around $10bn (&pound;6.6bn).<br /><br />The division is up for sale as part of a &ldquo;go-shop&rdquo; clause within an already agreed deal for BGI subsidiary iShares, due to be sold to private equity house CVC for &pound;3bn.<br /><br />Meanwhile, sources close to the bank scotched rumours that its investment bank, BarCap, was preparing to take over brokerage Execution.