Barclays to Buy Citigroup’s Egg Card Unit, Adding Clients

Barclays Plc, the U.K.’s third-biggest bank, agreed to buy Citigroup Inc.’s Egg credit card assets to add customer accounts valued at about 2.3 billion pounds ($3.2 billion).

Barclays plans to combine the 1.2 million U.K. accounts with its Barclaycard credit-card unit, the London-based bank said in a statement today. Terms of the acquisition, to be completed in the first six months of 2011, weren’t disclosed.