Thanks to a rise in BlackRock's
share price, Barclays
an additional $1.7 billion from the sale of its Barclays Global Investors
unit to the New York City-based asset manager.
The deal closed on Tuesday.
When the transaction was unveiled in June, the price tag was $13.5 billion. On Tuesday, Barclays said the consideration at completion
was $15.2 billion.
Barclays expects to book a net gain of $9.7 billion.
Armie Margaret Lee
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