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Oleg Tinkov plans to sell his stake in TCS Group - RBC

Source confirmed that businessman has already offered it to potential buyers

Oleg Tinkov Sergei Konkov/TASS

Oleg Tinkov

© Sergei Konkov/TASS

MOSCOW, April 23. /TASS/. Businessman Oleg Tinkov is negotiating with potential buyers regarding the sale of his 35% stake in TCS Group, registered for a family trust (owns Tinkoff Bank, Tinkoff Insurance, and other assets). The deal is being prepared against the backdrop of UK sanctions against the businessman, his statements against the special operation, and the change of the name of Tinkoff Bank, RBC reported citing two sources familiar with proposals, and an acquaintance of the seller.

"Tinkov is indeed negotiating the sale of his stake in TCS Group. He wants to get out of Russian assets completely," one of the sources told the newspaper. Meanwhile, another source confirmed that Tinkov is trying to sell a stake in TCS and has already offered it to potential buyers. According to the source, this process began even before the start of the military operation in Ukraine and tough economic sanctions.

On April 22, it was reported that Tinkoff Bank decided to stop using its old brand in 2022.

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International Gas Union expects gas generation doubling for datacenters

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Russia urges UN secretariat to abandon double standards and bias — Permanent Mission

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Venezuela to gain access to $4.9 bln in IMF assets after restoration of contacts — fund

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Israeli PM asks Trump to postpone attack on Iran — newspaper

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US violates its commitment to maintain only unofficial ties with Taiwan — Chinese embassy

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Golden Dome is US attempt to counter Russian hypersonic weapons — expert

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Trump describes Florida Panthers goalkeeper Bobrovsky as ‘legendary'

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Russia stands ready to restore relations with all European countries — Putin

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China urges US to abandon idea of attacking Iran — deputy envoy to UN

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US court ruling against Maduro to be illegitimate — Russian MFA

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Swedish defense minister refutes Trump’s statements about Russian threat to Greenland

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