Wirecard mulls share buyback from Softbank bond proceeds

May 8, 2019

FRANKFURT (Reuters) – German payments company Wirecard is considering buying back shares with some of the proceeds of a 900 million euro ($1 billion) convertible bond that Japan’s Softbank Group Corp will buy, CEO Markus Braun said.

Wirecard is already in talks with at least half a dozen companies in Softbank’s portfolio about cooperating in digital payments following an alliance the two announced last month, Braun said after reporting first-quarter results.

(Reporting by Douglas Busvine; Editing by Tassilo Hummel)

Comments (No)

Leave a Reply