Deutsche Bank withdraws from bidding for Wirecard bank - source

Reuters

Published Sep 04, 2020 16:24

FRANKFURT (Reuters) - Deutsche Bank (DE:DBKGn) has withdrawn from the bidding process for Wirecard Bank (DE:WDIG) amid concerns over valuaton, a source familiar with the matter said on Friday.

Deutsche Bank and a spokesman for Michael Jaffe, Wirecard's insolvency administrator, declined to comment.