Oleg Tinkov lost control in TCS Group

The founder of Tinkoff Bank, Oleg Tinkov, has reduced his voting stake in TCS Group, which owns the bank, from 84% to 35%, according to the company's disclosure , and thus no longer controls it.

The reduction in voting share was due to the conversion of all class B shares (with 10 votes per share) held by trusts associated with Tinkov into class A shares (one vote per share). Consequently, the voting share of the founder was equal to the share in the capital of TCS Group - 35%.

The release contains Tinkov's words that the conversion "corresponds to the development of the company as a public company" and the interests of shareholders. It is launching a broad governance reform, the details of which will be revealed in the coming months, he said.

On this news, GDR TCS Group on the London Stock Exchange rose by 3.6% by the close of Wednesday.

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The American Tax Service (IRS) accuses Tinkov of hiding from tax revenues in the amount of more than $ 1 billion when leaving American citizenship in 2013. Now the IRS is seeking the extradition of Tinkov from the UK, where the businessman is undergoing treatment for leukemia. Partner of the law firm Paragon Advice, foreign tax specialist Alexander Zakharov, in a conversation with Forbes, estimated the size of the fine that Tinkov could receive in the United States at $500-600 million. In December, Tinkov's Rigi Trust announced the sale of GDR TCS Group for about $300 million.

Recently, Tinkov spoke in detail about his illness and the failure of the deal with Yandex. About why he can be called the hero of 2020 - here .