June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Wirecard administrator sees strong interest from potential buyers

Published 07/07/2020, 10:41 PM
Updated 07/07/2020, 10:50 PM
© Reuters.
WDIG
-

BERLIN, July 7 (Reuters) - The administrator of collapsed
German payments firm Wirecard WDIG.DE said on Tuesday that
more than 100 investors have expressed interest in buying the
company's core business and its holdings.
"The aim is to find timely investor solutions in the
interest of creditors, employees and customers," Michael Jaffe
said in a statement after a meeting of creditors.
Jaffe added that the sale of Wirecard North America's assets
was most advanced, with investment bank Moelis & Company already
mandated to support such a sale.
Wirecard filed for insolvency last month owing creditors 4
billion euros ($4.5 billion) after disclosing a 1.9 billion euro
hole in its accounts that its auditor EY said was the result of
a sophisticated global fraud.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.