3 percent: takeover speculation boost shares of Wirecard

speculation about a Takeover have driven the shares of Wirecard on Friday at the Dax-tip. The title climbed to around 3 per cent to 131,95 Euro, and led the winners list in the Index temporarily, by a large margin. Traders referred to an Interview in the “Handelsblatt” with the previous Chairman of the Supervisory Board of Wirecard, Klaus Rehnig. The Manager is involved in the payment service provider, told the newspaper: “I expect soon an international group will come and Wirecard wants to buy.” Then shareholders could expect with a Supplement on the market value of up to 50 percent.

The shares of Wirecard, which since September of this year to the 30 largest listed companies in Germany, won this year 40 percent of their value. The company is the best value in the Dax 2018. The 19-year-old company with a market capitalisation of 15.6 billion euros, with around two billion Euro worth more than the Deutsche Bank.

share Wirecard

The payment processor from the vicinity of Munich, benefits from the fact that more and more people are Internet shopping or at the supermarket checkout with the Smartphone pay. Rehnig is optimistic for further growth potential as 90 percent of worldwide payment transactions would still be processed electronically. His Confidence is also reflected in the dpa-AFX Analyser experts observed, With a clear Preponderance of buy recommendations, they trust the shares up to 265 Euro.

John Torrendo

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