The Moscow Arbitration Court refused to challenge the liquidator of Qiwi Bank, the Deposit Insurance Agency (DIA), to challenge the contract for the sale and purchase of shares of Qiwi JSC, as well as to invalidate the contract of pledge and encumbrance of these shares Actions. Interfax reports this.
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On March 4, the DIA, on behalf of the bank, filed a lawsuit challenging the transaction against Qiwi Bank’s owners: Qiwi JSC, Fusion Factor Fintech Limited (Hong Kong) and Qiwi.
- At the end of January 2024, Qiwi group sold Russian assets consolidated under Qiwi JSC to Hong Kong company Fusion Factor Fintech Limited, owned by former Qiwi plc CEO Andrey Protopopov.
- The transaction amount is 23.75 billion rubles. Its circuit includes Qiwi Bank, Qiwi Wallet, Qiwi Business, Contact money transfer system, Rowi, Realweb, Flocktory, Taxi Aggregator, IntellectMoney and other assets.
- Mutual agreements within the framework of the transaction entailed installments and payments over the next four years: 11.88 billion rubles were to be paid within four months after the conclusion of the transaction, the remaining 11.875 billion rubles – in form of four equal parts from the fourth quarter. of 2024.
Qiwi Bank lost its license to conduct banking operations on February 21 following the corresponding decision of the Bank of Russia. On April 10, the court imposed the forced liquidation of the bank at the request of the Central Bank, and DIA became liquidator.
As part of this procedure, the bank will liquidate the creditors and the agreements will begin in July.
Author:
Anastasia Marina
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
