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After Criticizing Putin’s War, Russian Tycoon Tinkov Sells Bank He Built

  • Oleg Tinkov sold family’s 35% stake in TCS to Interros
  • Deal is second bank purchase for Potanin since war began
Oleg Tinkov 

Oleg Tinkov 

Photographer: Anthony Kwan/Bloomberg

Sanctioned billionaire Oleg Tinkov sold his family’s stake in the digital bank he founded to Russia’s richest man, Vladimir Potanin, just over a week after he slammed President Vladimir Putin’s invasion of Ukraine. 

Potanin’s Interros Capital is buying Tinkov’s 35% stake in TCS Group Holding Plc, better known as Tinkoff Bank, Interros said in a statement Thursday. The terms of the deal were not disclosed.