Investing.com -- Mastercard is looking to sell the real-time payments unit it acquired from Denmark's Nets Group in 2019 for $3.2 billion, according to a Thursday report by the Financial Times. The move would unwind the credit card company's largest takeover deal.

The company has tapped investment bankers to lead a sale of the business, which could attract interest from private equity groups, the report said. Mastercard is expected to achieve a far lower price than what it paid for the asset.

The business unit offers payments between accounts in Europe and generates about $370 million in annual revenues and around $100 million in earnings before interest, taxes, depreciation and amortization.

Mastercard had acquired the business to shift away from being a card payments company towards a multi-rail payments group serving merchants, banks and governments.

The company has sought to expand in other areas. Earlier this month, Mastercard acquired stablecoin infrastructure group BVNK for up to $1.8 billion. Mastercard said the deal would allow the company to offer end-to-end support of digital assets and value movement across currencies, rails and regions.