Rebounding 3i Wants Barclays European Infrastructure Unit

Law360, New York (May 24, 2013, 11:47 AM EDT) -- 3i Group PLC has lobbed a buyout bid at Barclays PLC's European infrastructure fund management unit, it said Friday, marking the latest move for the flagging British investment firm that is slowly picking up steam amid shareholder scrutiny.

The firm did not say how much it planned to pay for Barclays Infrastructure Funds Management Ltd., which manages roughly £780 million ($1.2 billion) in assets through teams based in London and Paris. A purchase hinges on the completion of an employee review by BIFM's staff, and regulatory...
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