Indra opened a formal process to analyze the different options regarding the sale of Minsait PaymentsTHE payment subsidiary of Minsaït. This was accepted by the board of directors of the Spanish technology company, according to a statement published in National Securities Market Commission (CNMV) this Monday.
In this way, Indra clarified that it will inform the market of the evolution of the Minsait Payments process, in accordance with the requirements of securities market regulations.
“The Board of Directors of Indra, in accordance with what has already been indicated in the Strategic plan 2024-2026with the 2030 vision, announced to the market through communication of inside information dated March 6, 2024 (registration number 2157), has agreed to initiate a formal process to analyze the different options related to Minsait payments,” said the statement issued by the public body.
“The Company will inform the walk on the evolution of the process, in accordance with the requirements of securities market regulations”, specifies the document.
Indra and Minsait
At the beginning of last March, during the presentation of the company’s new strategic plan, the technology company opened the door to the possibility of including majority or minority partners in Minsait, a subsidiary of Indra which has contributed to more than half of the turnover of the company last year, or 2.798 million euros out of the 4.343 million euros that Indra invoiced in 2023, and 48% of the gross operating profit (Ebitda), or 214 million euros out of a total of 446 million euros.
In this context, one of the options considered by the company Ibex 35 is the possibility that the company chooses to separately sell the activities of Minsait Payments, the payments subsidiary of Minsait, whose market valuation would be around 500 and 600 million euros.
