Interros will buy 35% in TCS Group from the Tinkov family

Interros announced the purchase of a 35% stake in TCS Group from the family of Oleg Tinkov. The Central Bank approved the deal, the company said in a statement.

Interros did not disclose the details of the deal.

The fact that Tinkov is negotiating the sale of a stake in the Tinkoff group was previously reported by RBC sources. The deal was 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.

In turn, for Vladimir Potanin's company, this is already the second M&A deal on the Russian financial market this month. In early April, Interros bought a stake in the French banking group Societe Generale in Rosbank and its insurance business. The details of the deal were also not specified at the time. The sale of Rosbank was associated with the decision of Societe Generale to suspend operations in Russia.