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Deutsche Bank withdraws from bidding for Wirecard bank

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Deutsche Bank withdraws from bidding for Wirecard bank

By straitmaccom September 17, 2020September 11, 2020

Deutsche Bank DBKGn.DE has withdrawn from the bidding process for Wirecard Bank WDIG.DE amid concerns over valuaton, a source familiar with the matter said on Friday.

Deutsche Bank and a spokesman for Michael Jaffe, Wirecard’s insolvency administrator, declined to comment.

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