Chinese said to be in talks with Wirecard about purchasing a 25pc stake; could make move on the whole company - sources

A mystery Chinese company is in talks with German payment processor outfit Wirecard about a deal to buy a significant stake in the business or even purchase the group outright.

According to well-placed sources, a Chinese telecoms company has been talking to Wirecard, whose current market capitalisation stands at EURO 4.7 billion, for quite some time about a partnership and a potential deal.

Parky on Betaville

Betaville has made it into Gary Parkinson's stock market report today as being the original source of the story behind China Mobile's interest in Vodafone.

Here is a link to the column in The Times: http://www.thetimes.co.uk/tto/business/markets/article4183597.ece

A Chinese takeaway

Interesting to see the Financial Times report today that China Mobile may want to buy stakes in European telecoms companies. See the link: http://www.ft.com/cms/s/0/1ffe8c84-9e20-11e3-95fe-00144feab7de.html#axzz2uLMyQZUz

A few weeks ago I wrote in the Mail on Sunday's excellent business section that China Mobile looked at buying a significant stake in Vodafone last Autumn.