Founder ” Tinkoff Bank ” Oleg Tinkov explained why he sold 5.3 percent of TCS Group, the head structure of the organization. This is stated in the statement of the family trust Rigi Trust, which is referred to by RBC.
The funds will be spent on the settlement of legal problems and the launch of a charitable foundation that will address the problems of blood cancer and the development of the institution of donation. The banker is going to spend up to $ 200 million on the fund, the total cost of the package sold is $ 325 million.
Tinkov explained that the share of Rigi Trust in TCS Group is still above 35 percent, and promised not to sell the bank’s shares for at least six months. He indicated that expanding the number of shareholders would be beneficial.
The announcement of the sale of a stake in the bank appeared on the day of the hearing on Tinkov’s extradition from the UK to the United States. There he is accused of hiding information about assets worth $ 1 billion, which appeared after the bank’s IPO in 2013.
Back in October, the banker claimed that he would not sell his stake in the organization, because he had “full of cash” to pay for the “mistakes of his youth” and to solve the problems with the claims of the American tax service . Thus, Tinkov commented on disruption of a deal with ” Yandex “, which was called one of the ways to improve its financial situation.
Soon after the failed merger, the block of shares worth $ 14 million sold the chairman of the board “Tinkoff Bank” Oliver Hughes . Then it was argued that the banker needed the money for personal reasons.
After reports of the sale of shares by the Tinkov trust, the bank’s quotes fell by 2.5 percent. Nevertheless, since the beginning of the year, the value of a credit institution has grown by half.