Maxim Povalishin agreed to acquire Investment Company Freedom Finance LLC and FFINEU Investments Limited from Freedom Holding Corp. (NasdaqCM:FRHC) for $140 million on October 17, 2022. The transaction is subject to the approval of the Central Bank of the Russian Federation and is expected to close in the coming months. As of February 10, 2023 Central Bank of Russia approved the transaction. Transaction is expected to complete end of the month. The Povalishin-acquired companies have been rebranded as “Tsifra.”

Maxim Povalishin completed the acquisition of Investment Company Freedom Finance LLC and FFINEU Investments Limited from Freedom Holding Corp. (NasdaqCM:FRHC) on February 27, 2023.