Discounter Targetsaid on Wednesday that it is in talks with an investment partner to sell an undivided interest in about half of its credit-card receivables for about $4 billion.
If an agreement is completed, a closing during the second quarter looks possible, the retailer said in a statement. Target had announced in September that it was considering selling an estimated $7 billion in credit-card assets.
Shares of Target rose about 1.5 percent in extended electronic trading from their Wednesday close of $51.09.