Barclays Plc will work with Brookfield Corp. to offload some of its payments business, as part of the lender’s push to boost returns.

Barclays has sold part of its British payments business to Brookfield Asset Management, the bank said on Thursday. The two parties will work to create a standalone entity for the business, into which Barclays plans to invest approximately 400 million pounds ($528.

Barclays Plc (NYSE:BCS) is nearing a sale of a stake in its payments unit to Brookfield Asset Management (NYSE:BAM). A deal could happen as soon as this week, according to a Bloomberg report on Tuesday,