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Wednesday, July 1, 2020

Wirecard administrator says received inbound interest for assets

Wirecard administrator says received inbound interest for assetsWirecard's administrator said he has received strong inbound interest for the payment firm's assets and will shortly mandate banks for the sale of individual parts of the company. "A large number of investors from all over the world have contacted us, interested in acquiring either the core business or business units that are independent of it", Michael Jaffe said in a statement after a creditor committee meeting late on Tuesday. Wirecard filed for insolvency last week owing creditors almost $4 billion after disclosing a 1.9 billion euro ($2.1 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.


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