Qiwi plans to buy stake in digital advertising group operating in EMEA region

MOSCOW. Nov 18 (Interfax) - Qiwi plc is in the process of acquiring a controlling stake in a digital advertising group with operations in the EMEA region of Europe, the Middle East and Africa, the company said in a report.

The transaction is expected to amount to less than 10% of the Company's own available cash. It subject to antitrust clearance and is expected to close at the end of Q4 2022.

Qiwi operates one of the largest payment services in Russia. The principal shareholder is Sergey Solonin.