LONDON--Barclays PLC (BARC.LN) said on Wednesday it has sold its risk analytics and index solutions business to Bloomberg (BBG.XX) for 615 million pounds ($803.9 million).

The bank said the pretax gain it is going to get from this transaction is of GBP535 million.

Shares at 1405 GMT up 2.10 pence, or 1.3%, at 166.70 pence valuing the company at GBP28.16 billion.

Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

(END) Dow Jones Newswires

August 24, 2016 10:30 ET (14:30 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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