Concardis offers card payment terminals as well as payment technology for ecommerce groups and is viewed as a non-core business by its key owners, reuters.com reports.
With a 16% stake, Deutsche Bank is the groups largest shareholder, while smaller stakes are held by Commerzbank, Unicredit as well as savings and cooperative banks.
Concardis is hoping a new owner will invest in new technologies and an expansion of its business. In 2016, Concardis posted core earnings of EUR 33.9 million on sales of EUR 480 million.
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