Oleg Tinkov sells his stake in Tinkoff

Yesterday, the press service of Tinkoff Bank announced its decision to change its name by the end of 2022. Now it has become known that the founder of the bank, Oleg Tinkov, is negotiating the sale of his share in the Tinkoff group.

This was reported by RBC citing its own sources. The potential deal involves the sale of a 35 percent stake in TCS Group, which includes Tinkoff Bank, Tinkoff Insurance and other assets. One of the sources said:

Tinkov is indeed now negotiating the sale of his share in TCS Group. He wants to withdraw completely from Russian assets”.

According to another source, Tinkov started trying to sell a stake in TCS even before the start of the special operation in Ukraine and the imposition of harsh British sanctions against the businessman. According to a third source familiar with one of the potential contenders for a stake in TCS, the bank founder wants to live normally “not here and not depend on those who are now running the country.

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