TCS Group shares rose 15% after reducing the Tinkov family's share

Shares of the parent company Tinkoff Bank TCS Group rose by more than 15%. On the eve it became known that the founder of the bank, Oleg Tinkov, reduced his voting share in the group and no longer controls it.

Shares of TCS Group on the Moscow Exchange grew by more than 15% and by 15:30 Moscow time were sold for 2853 rubles. During the day, the share price reached 2877.8 rubles. At the close of trading on January 7, TCS Group papers cost 2,469.8 rubles.

On January 7, TCS Group disclosed that Tinkov's voting share had dropped from 84% to 35%. This was achieved through 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). According to Tinkov, given in the release, the conversion "corresponds to the development of the company as a public company" and the interests of shareholders.

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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 .