(Reuters) – Spanish protection and innovation company Indra’s board accepted begin trying to find alternatives to market a risk in its Minsait Payments company, the firm stated on Monday in a declaring to the securities market regulatory authority.
The board’s choice to introduce an official procedure to take a look at alternatives for the settlements refining system adheres to the statement in March it would certainly enhance the freedom of its technology device Minsait, of which Minsait Payments is just a component, and open its possession to brand-new critical investors to quicken its development.
In August, paper Expansion reported that acquistion fund Cinven supplied in between 500 million euros and 600 million euros ($ 557-668 million) for Minsait Payments.
Indra, which is 28% had by the Spanish federal government, has stated it will certainly concentrate on its protection and aerospace company to gain from European nations’ raised army budget plans complying with enhancing globe stress, while looking for companions to its private technology companies.
($ 1 = 0.8983 euros)
(Reporting by Joao Manuel Mauricio in Gdansk, editing and enhancing by Inti Landauro and Louise Heavens)
