Tinkoff takes advantage of Russia thaw to raise capital
TCS Group Holding, the Russian financial services company owned by Oleg Tinkoff is to raise $300m in new GDRs to pursue profitable growth opportunities as its entrepreneurial owner takes advantage of continuing warm sentiment towards Russian equities.
The offering is non-preemptive, for the purposes of simplicity, but TCS will use ‘reasonable endeavours’ to give existing and institutional shareholders preference in allocation.Tinkoff has sold GDRs in London before; his last sale ...
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