Wirecard came to an end: the company has $3.9 billion, and debts of beznadejnoi Blinkova | 25.06.2020
German company Wirecard working in the field of Finance, declared bankruptcy. This happened after its financial statements showed a massive “hole” at $3.9 billion.
The end of the company came about two years after she entered the German DAX index. At his peak the company’s value was estimated at $28 billion.
Of debt of $3.9 billion, a large part of the debts of the banks, slightly less than the company needs to private investors.
Lenders evaluate the debt as uncollectible and prepare their copy. In the bankruptcy petition the company reports about “impending insolvency and over-indebtedness”. It is noted that
about two-thirds of sales of the company amounted to registry. CEO Marcus brown was arrested June 22, details about the arrest – in the material IT World.
FINTECH, Bankruptcy
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