Santander picks up Wirecard Europe assets for €100M – PitchBook News & Analysis
November 18, 2020
Santander has acquired the core European business of collapsed German payments provider Wirecard. The Spanish banking group is paying 100 million for the business, which comprises the European payments platform and technology assets, according to the Financial Times. Wirecard was declared insolvent in June after a $2 billion accountancy scandal uncovered by its auditor, EY, led to the arrest of CEO Markus Braun.
