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Puerto Rico Payments Company Evertec to Explore Sale

  • Company is working with a financial adviser to field interest
  • No plans final, Evertec could still opt to remain independent
Updated on

Evertec Inc., a Puerto Rico-based payments processor, is exploring strategic options including a potential sale, according to people familiar with the matter. Its shares rose as much as 17% on the news.

The company is working with a financial adviser to field interest from potential buyers, said the people, who asked to not be identified because the matter isn’t public. It could appeal to larger payments companies such as Global Payments Inc. and Fiserv Inc., the people added.