Goldman Sachs Increases Voting Rights in Wirecard

Date : 04/15/2019 @ 1:39PM
Source : Dow Jones News
Stock : Goldman Sachs Grp. (The) (GS)
Quote : 204.14  -0.46 (-0.22%) @ 10:26PM

Goldman Sachs Increases Voting Rights in Wirecard

Goldman Sachs (NYSE:GS)
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   By Pietro Lombardi 
 

Wirecard AG (WDI.XE) said Monday that Goldman Sachs Group Inc. (GS) now holds 6.87% of the voting rights in the German payment-processing company.

The U.S. bank now holds 6.87% of voting rights directly and indirectly, up from 1.72%, the German company said in accordance with German disclosure laws. Of this, 0.26% is attached to shares.

Shares in Wirecard have been on a rollercoaster since the FT reported on alleged misconduct at the company's Asian operations in January, and have lost roughly 14% so far this year.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

April 15, 2019 08:24 ET (12:24 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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