Qiwi is completing its business restructuring – the group is selling its Russian assets to the Hong Kong company Fusion Factor Fintech Limited, owned by Qiwi’s current CEO Andrei Protopopov, the group’s press service told TASS. This was reported by TASS.
The publication states that Russian regulators and Qiwi Plc’s board of directors approved the transaction. After the closure, Protopopov will continue to manage the company’s Russian assets but will step down from his leadership positions at Qiwi Plc. The publication says that the position of managing director will be held by Alexey Mashchenkov, who is currently the financial director.
It is emphasized that the total price of Qiwi’s international assets is 23.75 billion rubles.
Before that, Qiwi group asked The Nasdaq exchange will extend the deadline for completing the business restructuring to November 11, 2023.
In June, Qiwi group, which owns the payment service of the same name, was completely consolidated Russian assets will be collected under the local legal entity, thus completing the first phase of the restructuring plan. It was noted that the division of Russian and international assets is planned by September 2023.
Previously Mishustin in the name Avoid excessive optimism.