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TCS - TCS Holding News Story

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Sector
Financials
Size
Large Cap
Market Cap £3.63bn
Enterprise Value £3.70bn
Revenue £1.65bn
Position in Universe 197th / 1818

Russian businessman Tinkov to step down as chairman of Tinkoff Bank board

Thu 2nd April, 2020 3:11pm
MOSCOW, April 2 (Reuters) - Russian businessman Oleg Tinkov,
the founder of TCS Group  TCSq.L  on Thursday announced his
intention to step down from the board of Tinkoff Bank in order
to focus on his health, after being diagnosed with acute
leukaemia in October. 
    Tinkov said a transfer of his shares in TCS Group to a
Tinkov family trust had occurred on March 19, to ensure that the
shares continued to be held by his family in the event of his
death. 
    Tinkov disclosed his cancer battle last month, a day after
the U.S. Department of Justice said it was charging him with
filing false tax returns.  urn:newsml:reuters.com:*:nL8N2AZ11F

 (Reporting by Alexander Marrow;
Editing by Alison Williams)
 ((alexander.marrow@thomsonreuters.com; +7 495 775 1242;))
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