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Caixabank agreed to sell a unit that processes payments for retailers to Comercia Global Payments, a local unit of Global Payments, for 260 million euros.
Caixabank owns a 20% stake in Comercia Global Payments.
The bank also sold a pre-paid card business to Global Payments MoneytoPay for 17 million euros. Caixabank holds a 49% stake in that unit.
The sales will generate a 187 million euro profit, the bank said in a statement.
Caixabank became the country’s largest domestic bank in assets in March when it closed its acquisition of smaller rival Bankia.
($1 = 0.8447 euros)
