BERLIN: Japan's SoftBank Group will buy a 5.6 per cent stake in German payments company Wirecard by acquiring convertible bonds worth around €900 million , Wirecard said in a statement yesterday.
The issuance of the convertible bonds, which corresponds to around 5.6 per cent of Wirecard's stock, is subject to approval by shareholders at its annual general meeting on June 18, Wirecard said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German market regulator lifts short sale ban on Wirecard[FRANKFURT] Germany's markets regulator Bafin on Friday said its two-month ban on short-selling shares of payments company Wirecard had expired. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Microsoft tops $1 trillion as it predicts more cloud growthMicrosoft shares rose 4.4% to $130.54 in late trading after the forecast issued on a conference call with investors, pushing the company ahead of Apple Inc's $980 billion market capitalization. Microsoft's stock has gained about 23% gain so far this year, after hitting a record high of $125.85
Source: YahooSG - 🏆 3. / 71 Read more »