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Wirecard subsidiary is sold – still 100 million euros market value

News from the sale at Wirecard: The sale of Wirecard Romania SA is reported as part of the insolvency proceedings. The payment service provider SIBS has acquired all shares in the Wirecard subsidiary, announced the insolvency administrator Michael Jaffé from the law firm JAFFÉ Rechtsanwälte Insolvenzverwalter on Monday afternoon. “The purchase was completed today: SIBS will continue operations seamlessly,” says the press release.

In contrast, there are no details whatsoever about the financial agreements with SIBS. For Wirecard shareholders, this information would have only statistical value anyway. The fact that at the end of the sell-off there will be something left for the shareholders of the scandal group can probably be ruled out in view of the high debts and the threat of damages.

Statements from the insolvency administration do not change this either: “With the sale of Wirecard Romania, we have achieved another success in realizing Wirecard investments in the interests of creditors. There is also considerable interest in other international subsidiaries. In particular, we are in the advanced sales process for PT Prima Vista Solusi, PT Wirecard Technologies Indonesia (both Jakarta, Indonesia) and Wirecard (Vietnam) Company Limited, ”said Jaffé.

In the meantime, the stock market has still not really come to terms with the threatened total loss at Wirecard. The company also has a market capitalization of more than 100 million euros; the share price of the former DAX member is currently hovering around 0.81 euros.

At a glance – chart and news: Wirecard

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