Barclays Ventures to exit Iglu

Barclays Ventures, the UK bank's small buy-out unit, is selling its stake in specialist travel online retailer Iglu.com in a dual-track process which could value the company at up to £50m (€72m), according to a source close to the deal.

Barclays, with about 20%, is part of a trio of institutional investors, which own 50% and are looking to realise their investment.

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