Tinkoff plans to merge with Rosbank – Kommersant
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Tinkoff (MOEX: TCSG) plans to convene a meeting of shareholders to decide on an additional issue for the purchase of Rosbank. The company reported that the board of directors wants to invite shareholders to consider the integration of Rosbank into the group. Rosbank shares rose by 22.08% on this news, to 129.4 rubles.
“Taking into account the complementarity of business models and possible synergies due to the implementation of economies of scale, the board of directors of MCPAO TKS Holding plans to invite shareholders to consider the integration of Rosbank PJSC into the TKS Holding group, which will significantly strengthen the group’s position in the financial market” “said Alexey Malinovsky, Chairman of the Board of Directors of Tinkoff.
A TASS source reported that Rosbank and Tinkoff could create a banking group based on TKS Holding. Both banks will retain their licenses and names.
The news is being updated.
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