Wirecard NZ – the fully-owned subsidiary of the scandal-plagued German payments group – has today been placed in voluntary administration.
McGrathNicol partner Andrew Grenfell, who has been appointed voluntary administrator, told the Herald, “It’s business as usual”, for around 20 Auckland-based staff.
He hoped to find a buyer.
Overnight, BDO partners Andrew Fielding and Nicholas Martin were appointed administrators of Wirecard Australia, whose clients include Westpac Australia.
Grenfell said he was working with his opposite numbers across the Tasman, and a sale of both businesses was possible.
It was also possible that Wirecard NZ could be sold standalone.
Grenfell said Wirecard NZ was set up differently from the rest of the group. …
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