Tinkoff Bank shareholders approved an additional issue of shares for the purchase of Rosbank. Its final terms will be determined at the end of the third quarter of 2024. Previously, Tinkoff allowed the issuance of 130 million shares at 3,423 rubles per share (about 445 billion rubles) to increase the authorized capital.
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Shareholders of TKS Holding, the parent company of Tinkoff Bank, approved the integration of Rosbank into the holding company and an additional issue of shares for its purchase. This is stated in the Tinkoff group’s press release.
The completion of the additional issue and the closing of the transaction are expected to take place in the third quarter of 2024. The new development strategy of the Tinkoff group will be presented in the fourth quarter of 2024, the company said.
In March 2024, Tinkoff announced plans to merge with Rosbank. As part of the integration, Rosbank was valued between 0.9 and 1.1 equity.
Author:
Kirill Bilyk
Source: RB
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