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Barclays spins off its payments business, investing £400M, with Brookfield option to buy up to 80% within seven years.
Barclays is turning its payments business into a standalone company, investing £400 million, and Brookfield Asset Management will have the option to buy up to 80% of the company within four years after a three-year period.
This move helps Barclays focus on its core business and follows its recent divestments in Germany and Italy.
Brookfield, which has been expanding in financial infrastructure, will receive a performance-linked incentive.
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Barclays despliega su negocio de pagos, invirtiendo 400 millones de libras, con la opción de Brookfield de comprar hasta un 80% en siete años.