Wirecard administrator says received inbound interest for assets

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Wirecard's administrator said he has received strong inbound interest for the payment firm's assets and will shortly mandate banks for the sale ...

Wirecard'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 US$4 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New rules may be needed for payments in wake of Wirecard, BIS boss saysLONDON: More joined up rules may be needed across the payments sector after the collapse of Germany's Wirecard AG, Bank for International ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: Germany missed chances to put Wirecard on watchlist - sourceGerman regulators twice looked into tightening the supervision of collapsed payments firm Wirecard and discussed it with the German and European ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wirecard collapse leads to call for German parliamentary inquiryBERLIN/MANILA: Germany's opposition called on Monday for a parliamentary inquiry into the collapse of payments firm Wirecard after a global fraud ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wirecard North America seeks buyer, distances itself from German parentBENGALURU (REUTERS) - Wirecard North America Inc, a unit of German payments company Wirecard, on Monday (June 29) said it has put itself up for sale, days after the troubled parent firm filed for insolvency.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Philippines promises 'thorough' probe of Wirecard, looking at three local payment firmsThe Philippines' anti-money laundering agency on Monday said it would conduct a 'swift and thorough' investigation into scandal-hit German ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Philippines promises 'thorough' probe of Wirecard, looking at 3 local payment firms[MANILA] The Philippines' anti-money laundering agency on Monday said it would conduct a 'swift and thorough' investigation into scandal-hit German payments firm Wirecard and that it has drawn up an initial list of people and entities of interest. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »