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Barclays reportedly re-enters talks with Brookfield about deal for British payments business

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A deal would make Brookfield Asset Management a majority stakeholder in Barclays’ merchant payments business, while providing the capital needed to fund the unit’s growth, a Sky News report said

about a deal to sell a stake in its British merchant payments business to the Canadian asset manager, Sky News reported on Tuesday.

Barclay’s, Britain’s third-biggest bank, had initially hoped to value the business at more than £2-billion but found it difficult to sell a stake at that price, Reuters had reported.

 

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