Business • Economy

Spanish bank Santander buys Wirecard's core business after bankruptcy

Wirecard's insolvency administrator Michael Jaffé has stated in a press release that they have "been able to successfully conclude the investor process for Wirecard's core business despite the most unfavorable conditions" by selling Wirecard's core business to the major Spanish bank Santander, They have acquired the European core business of the payment service provider Wirecard specifically the technology platform in Europe and all the assets necessary for it.

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Card reviewed by: @ericof