Barclays Eyes Stake Sale in UK Payments Arm Valued At $2.5B: Report
Portfolio Pulse from Nabaparna Bhattacharya
Barclays PLC is considering selling a stake in its UK merchants' payment processing unit, which could be worth at least $2.5 billion. The bank is seeking a partner to boost the business. The discussions are part of Barclays' review of its global payment activities. The company has not decided how significant a stake it might divest.
September 04, 2023 | 1:49 pm
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Barclays is considering selling a stake in its UK merchants' payment processing unit. The potential sale could impact the company's financial position and stock price.
The potential sale of a significant business unit could have a substantial impact on Barclays' financial position. However, the impact on the stock price is uncertain as it would depend on the terms of the deal and the market's reaction to it.
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