Sage Group considering sale of payments-processing arm
Software company Sage confirmed late on Monday that it is considering the sale of its payments-processing business.
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"The Sage Group plc notes recent media speculation regarding a possible disposal of its Sage Pay business and confirms that it is evaluating potential strategic options for this business, including a sale," the company said.
It added that there can be no certainty the evaluation will lead to any transaction and a further announcement will be made if and when appropriate.
At 0813 BST, the shares were down 0.8% at 686.40p.