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Wirecard shares down after saying KPMG didn’t have all data needed to prove revenue of unit

The digital payments firm maintains it will not have to restate its results from 2016 to 2018

Shares of Wirecard slumped 16% in early trade after saying a KPMG special investigation did not have all the data necessary to prove the revenue in the Third Party Acquiring business.

The digital payments firm continued to maintain it will not have to restate its results from 2016 to 2018, and said it will publish the KPMG report soon, which made no "substantial" findings.

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