3i Makes Offer to Buy Barclays Infrastructure Funds Division
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3i Group Plc said it offered to buy Barclays Plc’s European infrastructure-fund business as the U.K.’s biggest publicly traded private-equity firm seeks to boost investments in the region’s physical assets.
Barclays Infrastructure Funds Management Ltd. has 780 million pounds ($1.2 billion) of assets under management, London-based 3i said in a statement today, without disclosing the offer price. The transaction is subject to an employee consultation process, it said.