MOSCOW, April 28. /TASS/. The Interros Group is buying a 35% stake in TCS Group Holding, the parent structure of the Russian Tinkoff group, Interros announced on Telegram.

"The Interros Group is acquiring a 35% stake in TCS Group Holding, the parent structure of the Russian Tinkoff Group. The deal has been approved by the Bank of Russia," the statement says.

Interros President Vladimir Potanin said that Interros, as a long-term financial investor, is interested in the Tinkoff Group's continued leadership in the Russian banking market.

"We expect that the participation of Interros as a new shareholder in the capital together with the unique experience of the Tinkoff Group's management team, will become a good impetus for the further development of the group's business, create added value for all shareholders, and provide an even more modern and high-quality service for its customers," Potanin commented on the deal.

In late March, Tinkoff announced that two co-heads of the parent company in Cyprus, Oliver Hughes and Pavel Fedorov, are leaving the board of directors of TCS Group and the strategy committee from March 31, and that they are moving to permanent residence in the UAE in March 2022 of the year. It was also announced that Chairman of the management board of Tinkoff Stanislav Bliznyuk and the entire professional team that has been managing Tinkoff Bank for many recent years will continue to develop the Russian business.

In early April, the group announced that it would spin off the Russian segment of the business and transfer shareholding authority over it to top management. The spin-off of the Russian business will make it possible to transfer to the management of the Russian bank, which consists of residents, the powers necessary to ensure the stable and efficient operation of Tinkoff Bank, as well as its subsidiaries, including Tinkoff Insurance, Tinkoff Mobile, LLC TCS, T-Finance. On April 22, it became known that Tinkoff will rebrand and stop using the old brand.