Dividend and HeadHunter finally grow up

HeadHunter raised its stake in Dividend to 51%

HeadHunter, one of Russia’s largest online recruiters, increased its stake in the financial supermarket Dividend to 51%, getting the opportunity to consolidate its financial statements. Since the beginning of 2023, HeadHunter's share in Dividend has increased by 25.1%.

There is no exact information on the deal amount

The exact amount of the transaction is not disclosed. HeadHunter did not respond to RBC's request. In the company's materials, it is indicated that the deal took place at market prices.

The companies did not disclose their plans for the acquired stake

Neither HeadHunter nor Dividend disclosed any plans for the acquired stake. HeadHunter declined to comment on the deal to RBC, and Dividend did not respond to the request.

Analysts' opinions

Evgeny Kozhevnikov, an analyst at Aton, said that in the deal, HeadHunter "simply took advantage of the opportunity to increase its share in the company at market prices and strengthen its position in the financial services market." He also said that now HeadHunter has an advantage over its competitors, who "will have to spend more effort to gain a foothold in the financial services market." According to him, the market for online financial services in Russia is actively growing, so the purchase of Dividend is a profitable investment for HeadHunter.

According to Elena Sukhoveeva, an analyst at the BCS World of Investments, the purchase of Dividend is a "good deal" for HeadHunter, as it will strengthen its position in the financial services market. She also noted that the deal is unlikely to have any negative impact on HeadHunter's financial performance.