BARC Barclays Plc

RNS No 3550m
BARCLAYS PLC
12th November 1997


          BARCLAYS CONFIRMS SALE AGREEMENT WITH CSFB

Barclays PLC today announces that it has reached agreement to
sell the UK and European equities, equity capital markets and
mergers and acquisition advisory businesses of BZW to Credit
Suisse First Boston (CSFB).  Barclays will also sell CSFB
certain parts of its equity derivatives business.  In
addition, CSFB will enter into an agreement for the provision
of certain services by Barclays together with a sub lease
agreement relating to part of BZW's Canary Wharf premises.
Completion is expected in early 1998.

At transfer it is expected that the businesses being sold will
have a net asset value of #150 million for which Barclays will 
receive #100 million.  Restructuring and integration costs of the 
businesses being sold will be borne by CSFB.  The businesses being 
disposed of generated revenues of approximately #120 million in the 
six months to 30 June 1997, of a total revenue of around #215
million in respect of the original businesses announced for
sale.

The equity derivatives business being retained will be
integrated within the Barclays Capital Group.  The capital
employed in this business was around #110 million on 30 June
1997.

Barclays continues to seek purchasers for the BZW businesses
in Australasia and Asia-Pacific.

The full financial effects of the disposal of the various
elements of BZW offered for sale will not be known until the
total transaction is completed.

                               
For further information please contact:

Susan Cottam                       Elizabeth Wade
Group Public Relations             Investor Relations
Barclays PLC                       Barclays PLC
Tel: 0171 699 2658                 Tel: 0171 699 2874/2873

http://www.barclays.co.uk

END




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