Russian oligarch Vladimir Potanin has said he has no plans to buy more Russian banks and has rejected a bid to buy the Russian arm of Italy’s UniCredit, speaking to Interfax news agency on Thursday.
Potanin, who has avoided US and EU sanctions on Russian businessmen believed to have close ties to the Kremlin, acquired Rosbank from Societe Generale when the French lender withdrew from the Russian market, as well as a 35 percent stake. % in the TCS group.
But these deals, made through the holding company Interros together with the acquisition of United Card Services, the Russian arm of the US-listed Global Payments, will be his last.
“We do not plan any further acquisitions in the banking sector,” Potanin said. “We will focus on Rosbank and improving its portfolio, technology, customer focus and sustainability.”
Potanin said Interros bought its stake in TCS for several hundred million dollars. TCS, which manages the Tinkoff e-bank, reported a drop in first-quarter net profit late Wednesday, but declined to disclose data.
TCS founder Oleg Tinkov, who sold his stake to Potanin, estimated his stake was worth more than $ 2 billion in early March, but said in an interview this month with Russian blogger Yuri Dud that he had sold it. for “crumbs”.
Source: Capital
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