April 23, 2019 / 8:44 PM / 5 months ago

Softbank Group in talks to buy 5 pct stake in Wirecard -Bloomberg

April 23 (Reuters) - Japan's SoftBank Group Corp is looking to acquire a 5 percent stake in German payments company Wirecard AG, Bloomberg reported on Tuesday, citing people familiar with the matter.

Softbank has engaged financial advisers and is working on a deal to acquire bonds that can be converted into Wirecard shares, Bloomberg here reported, citing sources.

A deal could be announced as early as this month, if an agreement is reached, the report added.

Softbank and Wirecard were not immediately available to respond to a request seeking comment. (Reporting by Mekhla Raina in Bengaluru Editing by Tom Brown)

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