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Top message five Wirecard subsidiary companies are filing for bankruptcy share massively in the Minus

12.42 PM: of The balance sheet scandal at the Dax-listed company Wirecard moved to the parent company and five subsidiary companies financially affected. As the Munich local court announced on Thursday, have requested that these five companies now also filed for bankruptcy. Provisional insolvency administrator is the lawyer Michael Jaffé is like the mother of Wirecard AG.

All five daughters are like the Wirecard AG, in the Munich suburb of Aschheim resident, these are companies that offer services and Software for the parent company, such as the sales and marketing company, Wirecard, Global Sales and software company, Wirecard Issuing Technologies. Wirecard 3,33 EUR -1.47 excess return (-30,61%) Xetra

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meanwhile, Wirecard's share price fell on Thursday as massive value. Last out of the papers were by 31.25 per cent to 3.30 euros. At the start of the week the shares had risen enormously, on Monday, the rate had, at times, tripled.

One reason for the slump: The retail giant Aldi Süd limited its transactions with the group is now far and now relies on a competitor. "The processing of credit card payments at Aldi Süd has been in place since 1. July on the Payone GmbH. The cooperation with the Wirecard Bank AG is limited since the business with the Aldi gift card," said Aldi Süd.

further developments in the Wirecard AG Ticker:shareholder protectors require immediate expulsion from the Dax

Thursday, 2. July, 09.11 PM: shareholder activists call for the immediate expulsion of the scandal company Wirecard from the Dax. The current whereabouts of Wirecard in the German benchmark index, the doing, the Dax, the stock exchange and the location of Germany is not good, said the chief Executive of the German protection Association for securities holding (DSW), Marc Tüngler, the "New osnabrück newspaper" (Thursday edition).

The next Review of the composition of the Dax is expected in September. This is for Tüngler, however, too late. The German stock market could not now sticking to their rule book, but had to respond - "for the protection of other enterprises and of equity culture". In the Dax, only "good companies should be" and not "the bust are or have cheated".

The shareholder, conservationists pointed out that other indices, such as the Euro traded STOXX already and Wirecard have adopted in accordance with the insolvency of the company. "We don't need no undead, and no memorial in the Dax," said Tüngler.

Wirecard had admitted that in the annual balance sheet, the absence of 1.9 billion Euro and the money probably does not even exist. A week ago, the company introduced a insolvency request. This Thursday will address the Bundestag at the request of the Greens in a Current hour with the Wirecard-scandal.

Wirecard threatens to smashing share price falls significantly after new searches at several locations

14.08 PM: in a billion-dollar accounting scandal involved the Dax-group-Wirecard is expected to be disassembled into individual parts and sold. The preliminary insolvency administrator Michael Jaffé reported on Wednesday night that had already "reported to numerous interested parties world-for the acquisition of the business areas". In search of Evidence for the alleged fictitious fictitious transactions in the Middle East and Southeast Asia, dozens of prosecutors, police officers and computer experts searched on Wednesday five buildings in Germany and Austria, including for the second Time within a month, the Wirecard headquarters in the Munich suburb of Aschheim. Recently, the share price was 16 percent lower in to 4.84 euros.

The preliminary creditors ' Committee has been given according to Jaffés already given the green light for the international search for investors through investment banks. A small consolation for the world's 5800 employees: The operation should not be interrupted or discontinued: "the Main goal in the preliminary insolvency proceedings, it is the business of the group operation to stabilize the companies," it said in Jaffés communication.

The lawyer has experience with large corporate bankruptcies, Jaffé was a group in the past, among other things, the insolvency administrator of Kirch media. A stand-alone spin-off from Wirecard, a subsidiary company wants to prevent the provisional insolvency administrator is quite obvious: "in addition, by the parent company in a concerted, structured transaction is to be carried out through various areas of specialized investment banks," it said in its notification. The U.S. subsidiary Wirecard North America - a company, which belonged formerly to the US Bank, Citibank and 2016, Wirecard accepted had been - had been on Tuesday itself up for sale, and their autonomy is emphasized.

During the searches it was, according to the Prosecutor's office in the first place to the accusations levied against the former management Board Chairman Markus Braun - wrong details in the Wirecard-books and market manipulation. "Twelve state attorneys on site with the support of 33 police officers and other IT professionals in the Munich police headquarters, and their Austrian colleagues," wrote the Prosecutor's office in its communication. In Austria, two objects were searched. Ex-CEO Markus Braun Austrians, as well Jan Marsalek, formerly in the Wirecard Executive Board for day-to-day business is responsible.

Mars Aleks trace is lost to the current state of knowledge in the Philippines. The Manager traveled according to the database of the Philippine immigration authorities at the 23. June a and on 24. again, though, the government in Manila is not sure whether the entries in the computer system of the immigration authority are correct.

beyond the criminal investigations, the signs of the Wirecard the Supervisory Board of Braun and Marsalek is at least co-responsibility for the affair to alleged air bookings in the amount of 1.9 billion euros are on the increase. The Supervisory Board has dismissed brown subsequently, without notice to you. The employment contract of the long-time CEO had been terminated "with immediate effect" greatly. Also Marsalek had been summarily fired. In this respect, similar Standards as for normal employees apply to managers, usually period preceding resignation of allegations of serious misconduct.

After the accounting scandal: investigators office of the payment service provider

11.23 PM: In the Wirecard scandal browse dozens of investigators in a large-scale search of the five buildings in Germany and Austria searched. Including the company headquarters in the Munich suburb of Aschheim and two objects in Austria, the Munich public Prosecutor's office announced on Wednesday.

it was primarily about the accusations levied against the former management Board Chairman Markus Braun - wrong details in the Wirecard-books and market manipulation. "Twelve state attorneys on site with the support of 33 police officers and other IT professionals in the Munich police headquarters, and their Austrian colleagues," the Prosecutor said. Ex-CEO Markus Braun Austrians, as well as the may abgetauchte former member of the Board, Jan Marsalek is.

The Wirecard Central has been so within one month for the second Time searched. Further information to the investigators. According to the "süddeutsche Zeitung" was a private house among the searched buildings.

investors in Parts of the Dax group are interested in

Wednesday, 1. July, 08.27 PM: at Least for parts of the in a balance-sheet scandal involved payment processor Wirecard there are interested parties. It would have been reported a large number of investors from all over the world, informed of the preliminary insolvency administrator Michael Jaffé in the night to Wednesday in Aschheim near Munich. The provisional creditors ' Committee had given then the green light for an international investor process with the involvement of investment banks.

After the price drop to around 99% to around 1 Euro in a matter of days, Wirecard had papers recovered least a little to 5.73 euros. The shares seem to be to become a short-term speculative object, apparently, driven by the vague hope of some investors on a sale of the company. So it was already known that the US subsidiary Wirecard North America itself up for sale has been made.

read also: in Spite of Bankruptcy: the Case of the Wirecard share, huge profits are possible, "she has never seen with a mask": a journalist puts Merkel burning question, FOCUS Online/Wochit "she has never seen with a mask": a journalist puts Merkel explosive issue

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Date Of Update: 02 July 2020, 09:28