Barclays has agreed to sell its Barclaycard consumer payments business in Portugal and Spain to Bancopopular-e, as part of its ongoing strategy to dispose of unwanted assets. The sale is the latest in a series of exits by Barclays from Continental Europe, as the bank seeks to improve its prospects by accelerating the sale of businesses it does not consider core operations. The deal is expected to close by the end of this year, subject to regulatory approvals.
Barclays has agreed to sell its Barclaycard consumer payments business in Portugal and Spain to Bancopopular-e, as part of its ongoing strategy to dispose of unwanted assets. The deal is expected to close by the end of this year, subject to regulatory approvals.