REG-TCS Group Holding PLC TCS Group Holding PLC: Tinkoff acquires a stake in Kassir.ru

TCS HoldingAnnouncement

16/07/2018 08:00

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC: Tinkoff acquires a stake in Kassir.ru

   16-Jul-2018 / 10:00 MSK
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   Tinkoff acquires a stake in Kassir.ru

    

   Moscow, Russia - 16 July 2018. TCS Group Holding PLC (TCS LI) (the
   "Group"), Russia's leading provider of online retail financial services
   via its Tinkoff.ru financial supermarket, has acquired a stake in
   Kassir.ru.

    

   The acquisition is in line with Tinkoff's strategy of developing its
   ecosystem to offer customers a greater choice of financial and related
   services through the Tinkoff.ru platform. The integration of Russia's top
   entertainment online provider into Tinkoff's ecosystem will make tickets
   for landmark events directly accessible to Tinkoff customers while
   offering new solutions through synergies with other Tinkoff services.
   Kassir.ru will sell tickets directly via the Tinkoff online bank and
   mobile app, and Tinkoff's customers can expect to enjoy special terms and
   tailor-made offers.

    

   Kassir.ru is Russia's biggest ticket sales company, and one of the
   fastest-growing.

   In 2017, it sold more than 4.3 million tickets and expanded its regional
   network by seven offices to the 22 outlets it has currently. With its
   daily offering exceeding 3,500 events, the platform attracted a total of
   70 million visitors last year. In 2017, Kassir's revenues totalled
   RUB 7.1 bn.

    

   "We are focusing on building out Tinkoff's ecosystem as we seek to provide
   our customers with a range of daily services beyond financial and
   insurance products," said Oliver Hughes, CEO of Tinkoff Bank. "The
   integration of Russia's top ticket sales company into the Tinkoff.ru
   platform will fulfil another daily customer need, this time in
   entertainment. This, in turn, strengthens our position in lifestyle
   services beyond banking. By leveraging synergies with Tinkoff Bank and
   other Group companies, we will be able to attract new users to our
   ecosystem. We will also share best practice in business process
   optimisation and IT to help Kassir.ru further boost its business."

   "We are pleased to sign this deal with Russia's most tech-savvy financial
   player," said Evgeny Finkelstein, Founder and CEO at Kassir.ru. "We will
   be happy to share our expertise in understanding customer preferences and
   our entertainment insights with Tinkoff, while Tinkoff's expertise will
   help us modernise and innovate in IT to give greater momentum to
   strengthening our market leadership."

    

   In addition to retail banking, Tinkoff's ecosystem currently includes such
   business lines as Tinkoff Business (SME services), Tinkoff Investments
   (intuitive and easy-to-use retail platform for stock market operations),
   Tinkoff Insurance, Tinkoff Mortgage (mortgage broker and underwriter for
   partner banks), Tinkoff Mobile (mobile virtual network operator) and
   Tinkoff Travel (platform for flight and rail bookings, hotel deals and car
   rentals).

    

   The transaction will not entail any changes in Kassir.ru's existing
   personnel or existing operations. All of its employees and management will
   continue with business as usual, and all arrangements with partners and
   counterparties will remain in effect. Kassir's excellent team will
   continue to manage day-to-day,  customer-facing  [ticket sale] operations.

    

   For enquiries:
                                 Tinkoff Bank
   Tinkoff Bank
                                 Larisa Chernysheva
   Darya Ermolina                IR Department
   Head of PR
                                 + 7 495 648-10-00 (ext. 2312)
   + 7 495 648-10-00 (ext. 2009)
                                  2 ir@tinkoff.ru
    1 d.ermolina@tinkoff.ru
                                  

   About the Group

   TCS Group Holding PLC is an innovative provider of online retail financial
   services operating in Russia through a high-tech branchless platform. TCS
   Group includes Tinkoff Bank, mobile virtual operator network Tinkoff
   Mobile, Tinkoff Insurance, and Tinkoff Software DC, a network of
   development hubs across Russia.

   The Group was founded in 2006 by the Russian entrepreneur Oleg Tinkov and
   has been listed on the London Stock Exchange since October 2013.

   With no retail branches, the Group serves its customers remotely via
   online channels and its call centre, and operates a network of over 2,500
   representatives to ensure smooth delivery of its products. The network
   covers all of Russia and allows next day delivery to most customers.

   The Group's key business is Tinkoff Bank, Russia's first and only direct
   bank offering both own brand and partner retail financial services via its
   Tinkoff.ru platform. The product range includes daily banking (credit and
   debit cards, payments, money transfers), savings, investments, loyalty
   programmes, travel services, SME services, mortgage platform, and
   insurance. With its special focus on mobile business, the bank offers
   mobile applications both for its customer base (Mobile Bank) and beyond it
   (Traffic Fines, MoneyTalk, Card 2 Card instant money transfers).

   As at 1 May 2018, the bank was the second largest player in the Russian
   credit card market, with a market share of 11.7%. The 1Q18 IFRS net income
   of TCS Group Holding PLC amounted to RUB 5.7 bn, ROE grew to 68.5%.

   Banki.ru, Russia's largest financial news portal, named Tinkoff Bank the
   Bank of the Year 2016. In October 2016 Tinkoff Bank was named the largest
   independent global direct bank by Frost & Sullivan. In 2015 and 2016, the
   Global Finance magazine named Tinkoff Bank as the Best Consumer Digital
   Bank in Russia. In 2016, the bank also won Global Finance's Best
   Integrated Consumer Bank Site award and was named the Best Digital Bank in
   the CEE by Euromoney. The bank's mobile application was recognised as the
   best in Russia by Markswebb Rank & Report for three consecutive years in
   2014, 2015 and 2016, and by Deloitte for four consecutive years from 2013
   to 2016.

    

    

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   ISIN:          US87238U2033
   Category Code: ACQ
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  5749
   EQS News ID:   704595


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:d.ermolina@tinkoff.ru
   2. mailto:ir@tcsbank.ru


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