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Softbank Group in talks to buy five percent stake in Wirecard - Bloomberg

FILE PHOTO: A man walks past the logo of SoftBank Group Corp at the company's headquarters in Tokyo, June 30, 2016. REUTERS/Toru Hanai

(Reuters) - Japan's SoftBank Group Corp is looking to acquire a 5 percent stake in German payments company Wirecard AG, Bloomberg reported on Tuesday, citing people familiar with the matter.

Softbank has engaged financial advisers and is working on a deal to acquire bonds that can be converted into Wirecard shares, Bloomberg reported, citing sources.

A deal could be announced as early as this month, if an agreement is reached, the report added.

Softbank and Wirecard were not immediately available to respond to a request seeking comment.

(Reporting by Mekhla Raina in Bengaluru; Editing by Tom Brown)