FRANKFURT, Nov 16 (Reuters) - Wirecard’s insolvency administrator on Monday said a sale of the payment system provider’s European technology platform to Spain’s Banco Santander has been agreed.
Santander will take on employees in Wirecard’s Acquiring & Issuing arm as well as the majority of the employees working in Wirecard Bank AG, insolvency administrator Michael Jaffe said in a statement. The transaction is expected to close by the end of the year, pending regulatory approvals, Jaffe said. (Reporting by Edward Taylor; Editing by Leslie Adler)
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