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Target Corp., the second-biggest U.S. discount retailer, said the “limited number” of potential buyers for its credit-card portfolio may affect the chances of a sale.
“Our ability to sell the portfolio is affected by the limited number of potential buyers, an inactive market, the complexity of the contemplated transaction, and the portfolio size,” Minneapolis-based Target said Thursday in a regulatory filing.
Target sold almost half its credit-card loans to JPMorgan Chase & Co. for $3.6 billion in 2008.
