tiprankstipranks
Qiwi Postpones Payment Amidst Russian Business Hurdles
Company Announcements

Qiwi Postpones Payment Amidst Russian Business Hurdles

Qiwi (QIWI) has released an update.

Don't Miss Our Christmas Offers:

Qiwi, a leading fintech innovator, has deferred the second installment payment of RUB 11,875 million for its Russian assets sale to August 19, 2024, following a request from the buyer due to complications in the Russian business environment. The extension was granted by Qiwi’s Board of Directors after the buyer, Fusion Factor Fintech Limited, faced challenges in sourcing funds timely, partly due to the revocation of QIWI Bank’s license by the Central Bank of Russia. Qiwi’s shares are traded on NASDAQ and the Moscow Exchange, with a commitment to connecting companies and consumers through their advanced fintech solutions.

For further insights into QIWI stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskQIWI Schedules AGM, Proposes Name Change
TipRanks Auto-Generated NewsdeskQIWI Seeks Nasdaq Delisting Appeal Extension
TipRanks Auto-Generated NewsdeskQiwi plc Faces Nasdaq Delisting Notification
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App