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Barclays sells majority of UK payments business to Brookfield Asset Management

Published 17/04/2025, 09:22
© Reuters.
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Investing.com -- Barclays (LON:BARC) has finalized the sale of the majority of its British payments business to Brookfield Asset Management (TSX:BAM).

The deal, which was announced on Thursday, concludes Barclays’ year-long attempt to divest this part of its operation.

The business in question is responsible for processing payments for retailers.

As part of the intricate agreement, Barclays and Brookfield will establish a separate entity for the business.

Barclays intends to inject approximately £400 million ($528.2 million) into this new entity.

Despite the substantial investment, Barclays has assured that the transaction will not significantly affect its financial guidance or targets.

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