Wirecard mulls share buyback from Softbank bond proceeds

[May 08, 2019]  FRANKFURT (Reuters) - German payments company Wirecard is considering buying back shares with some of the proceeds of a 900 million euro ($1 billion) convertible bond that Japan's Softbank Group Corp will buy, CEO Markus Braun said.

Wirecard is already in talks with at least half a dozen companies in Softbank's portfolio about cooperating in digital payments following an alliance the two announced last month, Braun said after reporting first-quarter results.

(Reporting by Douglas Busvine; Editing by Tassilo Hummel)

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