ALRUD team supported Qiwi Plc. on the sale of its Russian assets to management for RUB 23.75 bn

January, 2024 - Moscow, Russia

Qiwi Plc. sold its Russian assets to a Hong Kong based Fusion Factor Fintech Limited owned by Andrey Protopopov, former Qiwi CEO. The 23.75 bn RUB transaction was approved by the Russian regulators and the Qiwi Plc. board of directors.

ALRUD team provided Qiwi Plc. with legal support of the transaction, including drafting binding documents and advising on particular regulatory and counter-sanction issues.

The ALRUD team was headed by Corporate and M&A Practice Partner Sergey Khanaev and comprised Senior Associate Kristina Akalovich, Senior Associate Natalia Raschevskaya, Senior Associate Roman Vedernikov, Associate Olesya Klesheva, and Associate Eva-Maria Shakhmaeva.