Qiwi founder may go out of business

Andrey Romanenko, the founder of Qiwi Plc., Can sell all shares of his company and go out of business. The company itself has recently published a document with the name of the shareholders. According to this document, Antanta International Corporation, owned by Andrei Romanenko and his father Nikolai, can sell all his shares, Vedomosti writes . At the same time, Antanta owns 121,729 shares of Qiwi Class A (10 votes at a meeting of shareholders) and 529,926 Class B (one vote). Plus, Romanenko himself can sell one class A share. It is worth noting that upon sale, such shares are converted to class B.

“As a co-founder of the company, I consider the mission at Qiwi accomplished: we went through all the possible stages of development - from startup to IPO. For several years now, I have not been engaged in Qiwi operations, considering shares as an investment asset. Today, I am focused on investing in venture funds and startup projects. I am a shareholder of Run Capital, iTech Capital, and AddVenture III funds, and also a member of the board of directors of Sim Master, Ticket Land, and AppInTop, ”Romanenko himself commented.

Currently, Andrei Romanenko is not the only minority shareholder of Qiwi, which registered the shares for the subsequent possible sale. Also for sale are registered 1.2% of Class A shares owned by Mail.ru (this is the entire package owned by the company) and 0.53% of shares owned by E1 Limited. Mulers Investments Ltd. may also sell its stake in Qiwi (1.37%).

According to analysts, now to exit Qiwi is not the best moment. In connection with the purchase of Rapida and Contact payment systems, company assets can cost much more in a few months.