Barclays is encountering difficulties selling its stake in its British merchant payments business due to valuation disagreements, leading potential buyers like Brookfield Asset Management to withdraw from negotiations. Complicating the sale are issues such as the declining market share of the business, the investment required for revitalization, and the takeover of takepayments by bidder Global Payments; takepayments is one of Barclays’ largest PSPs and drivers of new merchant growth. The stalled sale occurs amid a broader downturn in the European payments sector.
Barclays Struggling to Sell Stake in UK Payments Business
