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

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

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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