Barclays explores deal for Tesco banking business ...Middle East

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Barclays explores deal for Tesco banking business
Barclays Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights LONDON, Nov 17 (Reuters) – Barclays (BARC.L) has been exploring a potential acquisition of Tesco’s (TSCO.L) banking operations, two people familiar with the matter told Reuters. The British food retailer has asked prospective buyers to submit non-binding offers for Tesco Bank by the end of the week, as part of efforts to shrink its financial services footprint, one of the people said. Barclays has already made an indicative bid, this person said, adding that it is particularly interested in Tesco Bank’s credit card and saving account products. Other bidders

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