Some 500 employees will join Spain’s biggest bank, which is acquiring Wirecard’s European technology platform that processes electronic payments for merchants as well as its remaining credit card issuing business in Europe.
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Santander buys Wirecard’s core European business for €100m
Santander said it would keep Wirecard’s sites in a Munich suburb. Wirecard employees will become part of Santander’s payments technology company Getnet. “The acquisition does not include Wirecard companies and Santander will not assume any legal liability relating to Wirecard AG and Wirecard Bank or its past actions,” the Spanish bank said.
