Barclays Close to Selling Stake in Payments Unit to Brookfield

Barclays Plc is close to selling a stake in its payments business to Brookfield Asset Management, according to people familiar with the matter.

An announcement could come as soon as this week, said the people, who asked not to be identified as the information is private. Brookfield could initially buy a minority holding with an option to raise its stake depending on business performance within a window of three to seven years after the deal goes through, the people said.