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Deutsche Bank withdraws from bidding for Wirecard bank: source - Metro US

Deutsche Bank withdraws from bidding for Wirecard bank: source

FILE PHOTO: The logo of Deutsche bank is seen in Hong Kong

FRANKFURT (Reuters) – 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 has withdrawn from the bidding process for Wirecard Bank 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.

(Reporting by Hans Seidenstuecker, writing by Edward Taylor, editing by Vera Eckert)

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