Wirecard assets attracting interest

Wirecard filed for protection from creditors last week after investigations revealed that €1.9bil (US$2.1bil) previously reported as cash was missing from its accounts and probably never existed.

FRANKFURT: The assets of collapsed German payment provider Wirecard AG are attracting interest from “numerous” global investors.

A sale process involving investment banks is on the way, the company’s preliminary insolvency administrator said.“A large number of investors from all over the world have already contacted us, who are interested in acquiring the core business or the independent business units that operate successfully on the market, ” Michael Jaffe said in a statement.