Deals
Wirecard Asset Selloffs Will Raise Limited Funds For Creditors
- Administrator said more than 100 investors looking at assets
- North America unit among divisions with most appeal to buyers
This article is for subscribers only.
The Wirecard AG divisions being sold off by administrators picking through the rubble of its insolvency will probably only raise enough to repay creditors a tiny fraction of their investments.
Michael Jaffe, the lawyer appointed by a court as a preliminary administrator said on Tuesday that more than 100 investors have reported interest in Wirecard’s assets. The North America arm is closest to being sold, he said.