QIWI Announces Acquisition of Contact and Rapida

Go back to QIWI Announces Acquisition of Contact and Rapida

QIWI plc (QIWI) to Acquire Contact, Rapida from Otkritie

May 14, 2015 7:27 AM EDT

QIWI plc (NASDAQ: QIWI) has entered into an agreement with Otkritie Financial Group ("Otkritie") to acquire 100% ownership of the Contact money transfer system and the Rapida payment processing system. Under the terms of the agreement, QIWI will issue 5,593,041 class B shares to Otkritie in exchange for all of the outstanding interests in Contact and Rapida. In addition, in connection with the acquisition, QIWI and Otkritie intend to enter into a cooperation agreement for the... More

QIWI plc (QIWI) Tops Q1 EPS by 413c

May 14, 2015 6:34 AM EDT

QIWI plc (NASDAQ: QIWI) reported Q1 EPS of RUR20.29, RUR4.13 better than the analyst estimate of RUR16.16. Revenue for the quarter came in at RUR2.52 billion versus the consensus estimate of RUR2.15 billion.

For earnings history and earnings-related data on QIWI plc (QIWI) click here.

... More