01.03.2016

Wirecard closes acquisition of the payment business of Great Indian (GI) Retail Group

DGAP-News: Wirecard AG / Key word(s): Takeover
2016-03-01 / 19:15
The issuer is solely responsible for the content of this announcement.


Aschheim (Munich). Wirecard AG's acquisition of the payment business of Great Indian (GI) Retail Group, which was signed on 27 October 2015, is closed.

Today the last steps of the closing have been finished. Wirecard is holding now 100 percent of the shares in Hermes and 60 percent in GI Technology.
Wirecard CEO Markus Braun says:" We are welcoming 900 employees in India to the Wirecard Group and are excited to further push the e-commerce and money-remittance solutions of the two key brands iCASHCARD and Smartshop. In addition to this fast growing business we will step-by-step roll-out our Wirecard services into the Indian market."

The due diligence process was supported in its entirety by Baker Tilly Roelfs for financial and tax advisory. Wirecard legal advisors were Osborne Clarke and BTG Legal, India.

After a positive start into the current fiscal year, Wirecard management board is optimistic about the further development of the operative business in 2016.


More information on the acquisition: ir.wirecard.com/2015acquisition-India/


Contact:
Iris Stöckl 
VP Corp.Com./IR 
Tel.: +49 (0)89-4424-1424
e-Mail: iris.stoeckl@wirecard.com
http://www.wirecard.com
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY




2016-03-01 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English Company: Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany Phone: +49 (0)89-4424 1400 Fax: +49 (0)89-4424 1500 E-mail: ir@wirecard.com Internet: www.wirecard.com ISIN: DE0007472060 WKN: 747206 Indices: TecDAX, Prime All Share, Technology All Share Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX  
   
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