Wirecard to bid for British rival Worldpay-report
Wirecard has joined the list of suitors for British processing company Worldpay with $9.4bn bid, Bloomberg has reported.
Wirecard, a German payments company, is competing against private-equity bidders, including a joint proposal from Blackstone Group and Hellman & Friedman.
No final decision has been made and a few potential buyers are still in the running, Bloomberg quoted undisclosed sources as saying.
Advent International and Bain Capital, current owners of Worldpay, are preparing the company for a London stock market listing which is likely to propel the firm into the FTSE 100.
To lead the listing of the company, they recently hired Barclays’ deputy chairman Michael Rake as new chairman of Worldpay.