Banco Santander, S.A. (BME:SAN) agreed to acquire Certain Technology Assets of Wirecard Bank AG in Europe for €100 million on November 16, 2020. The acquired assets include payment solutions for merchants for acquiring and issuance services. This acquisition does not include Wirecard companies and Santander will not assume any legal liability relating to Wirecard AG and Wirecard Bank AG or its past actions. Around 500 employees currently managing the acquired assets, in highly qualified teams, will join Santander. Wirecard employees will become part of Santander’s payments technology company Getnet. They will remain in their locations and will become part of Santander’s global merchant services team under the umbrella of the Getnet global franchise. The deal is subject to certain conditions, including regulatory and antitrust approvals. The transaction is expected to be completed by the end of the year. Michael Jaffé acted as administrator of Wirecard. Matthias Horn, Hartmut Krause, Michael Ehret, Hans-Peter Löw, Alexander Behrens, Börries Ahrens, Ulrich Baumgartner, Frank Herring, Nadine Gommel and Laura Thiel of Allen & Overy Spain acted as legal advisor to Banco Santander. Santander’s legal inhouse team was led by Juan Charro, Valle Alvarez (both M&A) and Anna Werner (General Counsel Getnet); in Germany, Timo Spitzer (Head of Legal Germany) was involved. Christian Pleistern, Florian Becker, Robert Korndörfer, Dominik Rompza, Patrick Mückl, Stefan Schwab and Jens Kunz of Noerr LLP acted as legal advisor to Wirecard. Fabian Dietz-Vellmer, Andreas Höder, Thomas Eckhold and Frank Schäfer of Sernetz Schaffer Rechtsanwälte and Finn Zeidler, Ferdinand Fromholzer and Ralf van Ermingen-Marbach of Gibson, Dunn & Crutcher LLP acted as legal advisor to Wirecard Bank. Claudia Bahmann, in house of Wirecard Bank provided legal advise in the transaction. Moelis & Company (NYSE:MC) acted as an exclusive financial advisor to Wirecard Bank.