Qiwi founder may go out of business

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

“As a co-founder of the company, I consider the mission in Qiwi fulfilled: we have passed all possible stages of development - from startup to IPO - together. For several years I have not been engaged in Qiwi’s operating activities, considering shares as an investment asset. Today I am focused specifically on investing in venture funds and start-up projects. I am a shareholder of Run Capital, iTech Capital and AddVenture III, as well as a member of the board of directors of Sim Master, Ticket Land and AppInTop, ”commented Romanenko himself.

Currently, Andrei Romanenko is not the only minority shareholder of Qiwi shares, who registered the shares for subsequent sale. Also for sale are registered 1.2% of Class A shares, which belong to Mail.ru (this is the entire package owned by the company) and 0.53% of shares owned by E1 Limited. Mulers Investments Ltd. can sell its stake in Qiwi (1.37%).
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According to analysts, now is not the best time to exit from Qiwi. In connection with the purchase of Rapida payment systems and Contact assets of the company can cost much more in a few months.