Controlling shares (51% each) were purchased by T-Bank (formerly Tinkoff) in ROVI Factoring Plus LLC and ROVI Technologies LLC from Qiwi JSC , Interfax writes.
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As follows from the Unified State Register of Legal Entities, Qiwi transferred its shares in these companies as collateral to T-Bank back in May. On June 11, the bank announced the group’s intention to buy these shares and supplement T-Bank’s product line with factoring for small and medium-sized businesses, which will be developed on the basis of the ROWI fintech platform. It was expected that the transaction would be completed after receiving the consent of the FAS .
The remaining shares are owned by Plus Management Group LLC; the company belongs to ROWI co-founders Viktor Vernov and Evgeniy Rodionov. The ROWI team is expected to maintain autonomy in decision-making and continue to develop its business as a company.
The Qiwi group at the end of January announced the sale of Russian assets consolidated under Qiwi JSC to the Hong Kong company Fusion Factor Fintech Ltd, which belongs to the former chief executive officer of Qiwi plc Andrey Protopopov. The deal included Qiwi Bank, Qiwi wallet, Qiwi business, money transfer system Contact, Rowi, Realweb, Flocktory, Taxi Aggregator, IntellectMoney and a number of other assets. Its price was 23.75 billion rubles. A month later, on February 21, the Central Bank of the Russian Federation revoked Qiwi Bank’s license. A temporary administration was introduced in the bank in the form of the Deposit Insurance Agency, then the agency was assigned the functions of a liquidator.
