Qiwi Up As Russian Financier Reportedly Buying Stake

By | June 9, 2014

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Shares of Russian electronic-payments firm Qiwi (QIWI) jumped 8.2% in above-average volume in the stock market today, closing at 47.58, a more than three-month high. The Russian newspaper Kommersant reported that the country’s largest independent financial group, Otkritie, was in talks to buy a minority stake in Qiwi, with one of the sellers being mail.ru, which owns a 10.4% stake. Otkritie, which owns a payment system called Rapida, reportedly Scalper1 News

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