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SoftBank to invest $1 bn in German payments firm Wirecard
short by Shruti Maria Mahendar / on Wednesday, 24 April, 2019
Japan's SoftBank Group will invest around $1 billion in Wirecard in a convertible bond deal that could give it a 5.6% stake in the German digital payments company. Wirecard shares rose as much as 15.8% on Wednesday following the announcement. The rally lifted the firm's market value to $18.4 billion, once again surpassing that of Germany's largest lender Deutsche Bank.
read more at Reuters