UK markets open in 6 hours 52 minutes
  • NIKKEI 225

    27,999.96
    0.00 (0.00%)
     
  • HANG SENG

    20,003.44
    -42.33 (-0.21%)
     
  • CRUDE OIL

    90.48
    -0.02 (-0.02%)
     
  • GOLD FUTURES

    1,810.50
    -1.80 (-0.10%)
     
  • DOW

    32,774.41
    -58.13 (-0.18%)
     
  • BTC-GBP

    19,152.00
    -669.46 (-3.38%)
     
  • CMC Crypto 200

    537.58
    -19.77 (-3.55%)
     
  • ^IXIC

    12,493.93
    -150.53 (-1.19%)
     
  • ^FTAS

    4,129.39
    -3.43 (-0.08%)
     

Tietoevry mulls spin-off of banking unit

(Reuters) - Finnish IT services provider Tietoevry said on Friday it had started a strategic review of its banking business, which could result in the separation and listing of the unit.

The business, which has an annual revenue of 500 million euros ($509 million) and provides software for banking services, would be separated and listed in the second half of 2023, Tietoevry said in a statement.

($1 = 0.9824 euros)

(Reporting by Boleslaw Lasocki; Editing by Rashmi Aich)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting