By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn LONDON/NEW YORK (Reuters) - Barclays Plc is exploring the sale of a stake in the unit that ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn
The bank is considering bringing in a partner with the strategic"know-how" to expand the business, as well as raising capital, but has yet to decide how big a stake it might sell, said the people. Barclays distributed a presentation on its domestic merchant acquiring unit to potential bidders - mainly specialist payments providers - over the summer, two of the people said, but plans may still be altered or dropped entirely.
Reuters reported earlier this year that Barclays, led by Chief Executive CS Venkatakrishnan, had launched a review of its global payments footprint as it debates how to best allocate capital among its divisions and boost its share price.
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