Barclays is exploring the sale of a stake in the unit that processes payments for U.K. merchants as the British bank seeks a partner to help grow the business, Reuters’ Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn report, citing four people familiar with the matter. 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. The business could be valued at least $2.5B, sources added.
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