Qiwi cannot work out a position on the tender offer of Solonin’s company
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The Board of Directors of Qiwi said that it could not work out a position on the tender offer of Dalliance Services Company (DSC), which belongs to Sergei Solonin. The corresponding statement of the company is published on website US Securities Commission.
As follows from the document, such a decision was made after analyzing the terms of the offer, prospects and valuation of the company, economic and geopolitical conditions, limited liquidity of its shares and other factors.
Sergey Solonin is the largest shareholder and the main owner of Qiwi. In July, his company DSC suggested payment service provider to buy back its Class B common shares and American Depositary Receipts for up to $25 million (at $2.2-$2.7 per share).
More details – in the material “Kommersant” “QIWI shareholders were offered a discount”.
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