Indra to start process to sell stake in tech unit Minsait Payments


FILE PHOTO: The logo of Spanish technology company Indra is seen on their offices in Madrid, Spain, April 23, 2024. REUTERS/Susana Vera/File photo

(Reuters) - Spanish defence and technology firm Indra's board agreed to start looking for options to sell a stake in its Minsait Payments business, the company said on Monday in a filing to the stock market regulator.

The board's decision to launch a formal process to examine options for the payments processing platform follows the announcement in March it would increase the autonomy of its tech unit Minsait, of which Minsait Payments is only a part, and open its ownership to new strategic shareholders to speed up its growth.

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