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MAIL.RU GROUP: QIWI WILL BE TECHNICALLY REMOVED FROM THE COMPANY’S PORTFOLIO

Mail.ru Group had removed payment system Qiwi from the list of portfolio companies. The decision was made by Mail.ru shareholders on 2nd September.

 

Such technical notification was due to the fact that Mail.ru Group share in Qiwi is around 5% and according to the company’s rules, this allows to exclude the company from the portfolio.

 

During June and July, the company has decreased its share in the payment system twice: now this share is 5,23% vs 10,4% on 16th June. After SPO Qiwi in June, Mail.ru Group share decreased till 5,8%, and in July Mail.ru flogged 0,64% Qiwi’s shares.