The businessman revealed the details of the transaction.
The media found out the details of the transaction for the sale of 35% in TCS Group from Oleg Tinkov. The billionaire said that he parted with a stake in the group that owns Tinkoff Bank after a call from the Kremlin.
According to RBC, referring to The New York Times, Oleg Tinkov spoke about the special operation of the Russian Federation in Ukraine, and a day later representatives of the Kremlin contacted the leadership of Tinkoff Bank and threatened to nationalize it.
According to Tinkov, he was forced to sell his share – he could not bargain.
As a result, he sold Tinkoff to Vladimir Potanin and his Interros for no more than 3% of the real value of this share.
“This is a hostage situation — you take what is offered to you, I could not agree,” says Tinkov.
In general, the bank had to be sold “for a penny,” Oleg Tinkov complained.
The billionaire also added that many businessmen in Russia agree with his position, but they spoke about it only in private. In public, the rich are afraid to say it.
The media estimated that 35% of TCS Group could cost almost $ 2.4 billion, but it could be sold much cheaper – for $ 300 million. A source of RBC reports an amount of $ 350 million. The central bank approved the deal, but did not disclose the details.
On the Moscow Exchange, the market capitalization of TCS Group is estimated at $ 6.9 billion.
As Topnews wrote earlier, Oleg Tinkov said that he was selling a stake in Tinkoff Bank after he condemned the Russian authorities because of the situation in Ukraine. The businessman said goodbye to the team and said that he was going to retire.
The bank also said that they want to rebrand.