Barclays Wants Financing in Place Before Selling Global Blue

Barclays Private Equity wants a financing package in place before auctioning off its tax-free shopping company Global Blue, Reuters reported Thursday. The company is expected to fetch as much as 600-700 million pounds ($800 million-$1 billion), and has seen interest from several private equity firms, Reuters says. Barclays hired JP Morgan and Evercore to run the sale process.

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