for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

Wirecard's European business sold to Santander -insolvency administrator

FRANKFURT, Nov 16 (Reuters) - Wirecard’s insolvency administrator on Monday said a sale of the payment system provider’s European technology platform to Spain’s Banco Santander has been agreed.

Santander will take on employees in Wirecard’s Acquiring & Issuing arm as well as the majority of the employees working in Wirecard Bank AG, insolvency administrator Michael Jaffe said in a statement. The transaction is expected to close by the end of the year, pending regulatory approvals, Jaffe said. (Reporting by Edward Taylor; Editing by Leslie Adler)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up