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- Barclays PLC (NYSE:BCS) is apparently having difficulty finding a buyer for a stake of its British merchants payments business due to disagreements over valuation.
- The banking giant was recently rebuffed by Brookfield Asset Management (BAM), which cited Barclays price request as a reason for dropping its interesting in the stake, according to a Reuters report.
- An individual familiar with Barclays’ efforts told the news service that the takeover of UK-based Takepayments by American paytech company Global Payments was complicating matters. Takepayments has a partnership with Barclays.
- “As we confirmed at our February investor update, we are exploring a number of options for investment in our market-leading merchant acquiring business, including strategic partnerships,” a Barclays spokesperson told Reuters.
