CVC Capital Partners of Britain is in exclusive talks with Barclays to purchase its iShares exchange-traded fund unit for more than $4 billion.

The deal could be struck as early as this week, MarketWatch reports.

Barclays issued a statement confirming that CVC Capital Partners is “a preferred bidder. If these negotiations reach a satisfactory conclusion, it would lead to a sale of Barclays iShares business without the attributable securities-lending business. Earlier speculation assumed the sale of both iShares and securities lending”

Other companies that were reportedly interested in the unit include Fidelity, Vanguard and Goldman Sachs.

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