Caixabank agreed to sell a unit that processes payments for retailers to Comercia Global Payments, a local unit of Global Payments, for EUR 260 million. Caixabank owns a 20% stake in Comercia Global Payments.
The bank also sold a pre-paid card business to Global Payments MoneytoPay for EUR 17 million. Caixabank holds a 49% stake in that unit. The sales will generate a EUR 187 million profit, the bank said in a statement.
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