Bawag Group AG is currently in advanced negotiations to acquire Barclays Plc’s German consumer finance business, sources familiar with the matter have revealed.
The deal, if completed, could potentially earn Barclays around €500 million ($539 million). The unit, headquartered in Hamburg, is home to 700 employees.
The discussions are still ongoing, and it remains uncertain whether Barclays will ultimately proceed with the sale.
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