Tinkoff valued Rosbank at 1.05 equity as part of the integration agreement. This corresponds to the bank’s share price of 129.4 rubles per share. Tinkoff will buy Rosbank through an additional issue, which shareholders have already approved.
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The board of directors of TKS Holding approved the valuation of Rosbank shares at 129.4 rubles per share. This is stated in the group’s message.
The approved estimate corresponds to 1.05 of Rosbank’s capital. It was previously reported that the bank could be valued between 0.9 and 1.1 equity.
Tinkoff will buy Rosbank through an additional issue at 3,423.62 rubles per share. Based on the closing price on May 28, this corresponds to a premium of 19%.
Rosbank shares on the Moscow Stock Exchange after the publication of the approval of the assessment rose in price by 9%, subsequently the price of securities stabilized.
Author:
Kirill Bilyk
Source: RB
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