Wirecard: Break-up raises settlement to 600 million euros

Wirecard: Break-up raises settlement to 600 million euros

Following the sale of several Asian Wirecard companies, proceeds from the collapse of the collapsed conglomerate rose to €600 million. Insolvency Administrator Michael Jaffe on Monday announced the successful sale of PT Prima Vista Solusi, an Indonesian company with approximately 670 employees, to a local company in the Southeast Asian country. In addition, two previously agreed sales were concluded by Wirecard companies in Hong Kong and Malaysia.

According to reports, sales brought in the mid-two digits in the million amount. So the total income is now 600 million euros. Creditors and shareholders have filed claims of more than twelve billion euros in bankruptcy proceedings.

The former DAX Group collapsed in June 2020 after the board accepted fantasy bookings worth €1.9 billion. Meanwhile, parent company Wirecard AG has ceased business. The company exists only as a shell, which is required for bankruptcy proceedings. Former CEO Marcus Braun is in custody for a year on suspicion of fraud, while former sales director Jan Marslake is still on the run.



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