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Report: QIWI buys Tochka, Rocketbank assets from Otkritie Bank

QIWI Plc, which provides payment services in Russia, acquired the brand and software of digital units Rocketbank and Tochka from Otkritie Financial Corp. Bank, news agency TASS reported Oct. 5, citing QIWI CEO Sergey Solonin.

The executive told reporters that the parties opted not to disclose the price of the transaction and noted that Tochka and Rocketbank employees could be transferred to QIWI. The Russian central bank took control of financially troubled Otkritie Bank at the end of August, with the bailout also including Tochka and Rocketbank, TASS noted.

Solonin also said Otkritie's interim administrators are considering increasing the lender's holding in QIWI, which he said would be beneficial for both companies as they are strategic partners.

Otkritie Bank owns a 12.2% stake in QIWI, according to Solonin. In the summer, the lender's former majority owner, Otkritie Holding JSC, and unit Otkritie Investments Cyprus Ltd. launched a tender offer for up to 55% of QIWI's Class B shares, but they failed to purchase the required number of shares for the tender to be successful, and Otkritie Holding terminated the offer.