May 10, 2019 / 1:40 PM / 6 months ago

Wirecard sees 5-year profit potential of Softbank alliance at 209-273 mln euros

FRANKFURT, May 10 (Reuters) - Wirecard sees the total five-year profit potential from its alliance with Softbank Group Corp at between 209 million euros and 273 million euros ($235-$307 million), the German payments company said on Friday.

Wirecard struck the partnership last month with Softbank, to which it is issuing 900 million euros in convertible bonds, and provided a first estimate of the profit potential in an invite to its annual general meeting on June 18.

($1 = 0.8898 euros)

Reporting by Douglas Busvine Editing by Thomas Seythal

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