Barclays Capital (BarCap) is nearing a sale of its majority stake in University Partnerships Program (UPP), Financial Times reports. Dutch pension fund PGGM will buy the bulk of the 80 percent stake managed by BarCap’s infrastructure fund.
The remaining minority stake will continue to be held by the management of the student housing group. The U.K. investment bank may get approximately £1 billion from the sale.
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