Wirecard sells assets in Brazil, a first as collapsed company winds down

FRANKFURT (Reuters) – An agreement to sell some of Wirecard’s operations in Brazil and Britain has been reached, while the sales process for other divisions of the German payments company is making progress, its insolvency administrator said on Friday.

The completion of the sale of Wirecard Brazil to a subsidiary of PagSeguro Digital marks the first asset sale of the Wirecard’s global operations after the company collapsed amid an accounting scandal earlier this year.

(Reporting by Tom Sims; editing by Thomas Seythal)