FRANKFURT Feb 25 German payment systems
provider Wirecard plans to issue about 11.2 million
new shares to raise funds for future acquisitions, the group
said on Tuesday.
"Wirecard has resolved this capital increase to be prepared
for upcoming M&A opportunities continuing the acquisition
strategy pursued over the last years," it said in a statement.
Wirecard added that share sale would begin on Tuesday in an
accelerated bookbuilding and was expected to be completed on
Wednesday, when the offer price will be set.
(Reporting by Christoph Steitz; Editing by Pravin Char)