LONDON (Alliance News) - Barclays PLC has entered advanced talks with a Spanish bidder to sell its Portuguese banking arm, Bloomberg reports.
Bloomberg, citing three people with knowledge of the talks, said the sale would exclude Barclays' Portuguese credit card business. Bloomberg did not name the bidder, but said two of the sources cited Bankinter SA as a possible suitor.
http://www.bloomberg.com/news/articles/2015-07-23/barclays-said-in-advanced-talks-with-bidder-for-portugal-unit
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Barclays (BARC)
