Tinkov sells $245m of TCS after stock regains IPO price

Aidan Gregory

November 21, 2017 01:00 pm

Oleg Tinkov PA 230x150 — Oleg Tinkov, Owner of Tinkoff pictured after the fifteenth stage of the 103rd edition of the Tour de France cycling race, 160km from Bourg-en-Bresse to Culoz, on Sunday 17 July 2016. This year's Tour de France takes place from July 2nd to July 24th. BELGA PHOTO YORICK JANSENS | YORICK JANSENS/PA Images

Oleg Tinkov, the Russian billionaire, has sold a stake in TCS Group Holding, the London-listed Russian retail bank he founded, for the first time since its $1bn IPO in 2013, taking advantage of a strong rally in the stock this year.

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Aidan Gregory