QIWI decided to completely sell Rocketbank

Photo: Mikhail Postuev/TASS

The founder of the QIWI payment service, Sergei Solonin, on a conferenced column with investors according to the results of the III quarter of 2019, made that in the interests of the group the entire package of Rocketbank’s assets will be sold, writes INC with the Solonin and Director General of Rocket Anastasia Up.

Quote: “We have studied the currently available partial or full sale of the project. The board of directors later concluded that the best option for the company and its shareholders will be the full sale of Rocketbank,” said Solonin.

• Other banks and, possibly, telecom companies or venture funds are considered priority buyers. Solonin did not name specific possible buyers.
• For the first time, the Board of Directors QIWI discussed the sale of Rocketbank back in August and decided to either sell it or look for a co -investor.
• The main reason for the sale is in the losses of Rocketbank: only in the first half of the year it exceeded 1 billion rubles. At the same time, at the end of this summer, the service team introduced a new strategy with a line of experimental products that would require significant investments.
• The Bell told in detail the story of the "Bank for Hipsters", which all the founders left, here .