logo
Plus   Neg
Share
Email

Wirecard's Insolvency Administrator Reports Launch Of International Investor Process

At its constitutive meeting, the Court-appointed preliminary creditors' committee in the preliminary insolvency proceedings relating to the assets of Wirecard AG has unanimously confirmed Dr. jur. Michael Jaffé from the law firm JAFFÉ Rechtsanwälte as the preliminary insolvency administrator. The preliminary insolvency administrator presented an initial report at the meeting. According to the report, numerous interested parties worldwide have expressed their interest in acquiring business units. The preliminary creditors' committee gave the go-ahead for an international investor process involving investment banks.

The primary objective of the preliminary insolvency proceedings is to stabilize the business operations of the Group companies. This applies to the processing of credit card payments as well as to the other business areas, which are to be regarded independently.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter Inc. on Friday unlocked the New York Post's Twitter account after a two-week stalemate over posting links to its reporting about Hunter Biden. Walmart has removed guns and ammunition from its store shelves in the U.S. as a precautionary measure following the unrest in Philadelphia after a Black man was fatally shot by police, according to reports. While the firearms will be available for purchase at the Walmart stores, customers will be required to specifically request for them. Regeneron Pharmaceuticals Inc. (REGN) said Friday that the independent data monitoring committee or IDMC for the REGN-COV2 antibody cocktail treatment trials for COVID-19 has recommended to hold further enrollment in hospitalized patients requiring high-flow oxygen or mechanical ventilation.
RELATED NEWS
Follow RTT