Barclays completed the sale of its asset management arm to U.S. fund manager BlackRock on Tuesday for $15.2 billion, or $1.7 billion more than when it struck the deal in June after a jump in BlackRock's share price.

Barclays said it would book a net gain after tax from the cash and shares deal of 6.2 billion pounds, or $9.7 billion. The deal will lift its core tier 1 capital adequacy ratio by 185 basis points, better than the 163 basis point uplift it had expected when it struck the deal on June 12. [ID:nLC391915]

Under the deal Barclays takes a 19.9 percent stake in the enlarged and renamed BlackRock Global Investors, the world's largest money manager.

Barclays CEO John Varley and Barclays Capital CEO Bob Diamond both join the BlackRock board.

BlackRock shares were trading at $227 on Tuesday, up a quarter from around $182 at the time of the deal.

(Reporting by Steve Slater; Editing by Greg Mahlich)