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Barclays Exclusive: Behind the Sale of German Consumer Finance Unit to Bawag

Barclays has successfully divested its German consumer finance division to Bawag Group AG, marking a significant step in its strategy to streamline global operations.

Barclays HQ Office in Canary Wharf. PHOTO: Shutterstock
Barclays HQ Office in Canary Wharf. PHOTO: Shutterstock

This sale, part of a broader effort to refine the bank’s structure, involved the Hamburg-based unit previously known as Barclaycard Germany, which was sold for a slight premium over its net assets.

The financial details remain undisclosed,

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