Barclays (BCS) is Now Looking for Buyout Firms for U.K. Unit Sale

Barclays PLC (BCS) , which has been considering selling a stake in its U.K. merchants’ payment processing unit for a while, is now targeting buyout firms to buy a majority stake in the business. The news was reported by Reuters, citing people with knowledge of the matter.In September 2023, it was reported that BCS was looking for a partner to boost the business.Initially, the British bank had conversations with specialist payments providers regarding a deal. However, the conversations did not make any progr ...