Brookfield, CVC Weigh Bids for Barclays Merchant Payments Unit
- Unit’s valuation could be around £1 billion, people say
- Sale could help CEO Venkatakrishnan boost the bank’s returns
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Barclays Plc has fielded interest from private equity firms including Brookfield Asset Management and CVC Capital Partners for a majority stake in its payments business, according to people familiar with the matter.
Blackstone Inc. has also held preliminary discussions about making a bid. The division could fetch a valuation of around £1 billion ($1.3 billion), lower than previously reported, two of the people said, asking not to be identified discussing ongoing talks.