Industry News, Trustworthy Insights

Popular Companies:

Barclays Exclusive: Potential £3bn Department Sale

Barclays Plc is contemplating selling a stake in its merchant-acquiring enterprise in the UK, aiming to uplift its underperforming share price. Confidential sources revealed that the bank, helmed by C.S. Venkatakrishnan, has been engaging with potential partners and devising an internal plan. The sale of a stake could value the entire unit at a significant £3 billion ($3.8 billion).

Barclays PLC considers selling stake in merchant-acquiring business in an attempt to strengthen its valuation in the market. Photo: Daniel Hynerman/Shutterstock

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]