Thales in talks to sell e-Transactions to Hypercom
PARIS |
PARIS (Reuters) - French electronics group Thales said on Thursday it had entered in exclusive talks with Hypercom to sell its e-Transactions business for $120 million in cash.
There is also a potential extra $30 million in gains for Thales based on the 2008 performance of the business.
The unit is specialized in secure card payment solutions in France, Germany, United Kingdom, Spain, Belgium and Sweden.
(Reporting by Marcel Michelson)
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