Edition:
United Kingdom

Qiwi, Otkritie Bank, Tochka Signed Partnership To Establish JV To Develop Tochka Business


Thursday, 7 Jun 2018 

June 7 (Reuters) - Qiwi PLC ::OTKRITIE BANK, QIWI AND TOCHKA ANNOUNCE A PARTNERSHIP.QIWI PLC - CO, OTKRITIE BANK, TOCHKA SIGNED PARTNERSHIP, AGREED TO ESTABLISH JV TO DEVELOP TOCHKA BUSINESS TOGETHER AS A MULTI-BANKING PLATFORM.QIWI PLC - AS PART OF DEAL, OTKRITIE BANK, CO WILL CONTRIBUTE TO JV THEIR ASSETS INCLUDING TRADEMARKS, SOFTWARE, HARDWARE OF TOCHKA & CASH FINANCING.QIWI PLC -UNDER JV OTKRITIE BANK WILL HAVE 50% + 1 SHARE.QIWI PLC - JSC TOCHKA WILL BE LED BY CURRENT MANAGEMENT TEAM WITH BORIS DYAKONOV AS CEO.QIWI PLC -UNDER JV, QIWI WILL HAVE 40% & TOCHKA MANAGEMENT WILL HAVE 10% - 1 SHARE.QIWI PLC - QIWI & OTKRITIE BANK WILL SPLIT ECONOMIC INTEREST PROPORTIONALLY WITH 45% EACH, WHILE 10% WILL BE ATTRIBUTED TO TOCHKA MANAGEMENT.QIWI PLC - FOR 2018, TOTAL ADJUSTED NET REVENUE IS EXPECTED TO INCREASE BY 18% TO 22% OVER 2017.QIWI PLC - FOR 2018, ADJUSTED NET PROFIT IS EXPECTED TO DECLINE BY 10% TO 0% OVER 2017. 

Company Quote

14.43
-1.77636E-15 -0.00%
7 Dec 2018