UK’s Sage Group considers sale of its payment processing unit

Industry:    2019-09-10

British software company Sage Group Plc said on Monday it is evaluating a possible sale of Sage Pay, the company’s payment processing unit.

The company said it is looking into potential options for its payments arm, adding there was no certainty that a deal would be reached.

The company’s statement was in response to a Sky News report, which first reported the possible sale.

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