The acquisition has been completed in exchange for the issuance of 3,915,129 class B shares to Otkritie Financial Group pursuant to QIWI’s agreement to acquire 100% ownership of Contact and Rapida.
The deal was previously announced on 14 May 2015.
QIWI anticipates that it will acquire the remaining 30% interest in Contact and Rapida from Otkritie in exchange for the issuance of 1,677,912 class B shares to Otkritie before the end of July 2015, subject to the satisfaction of various closing conditions.
