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Russian lender TCS buys 5% stake in St Petersburg Exchange

Fri, 11th Jun 2021 16:17

MOSCOW, June 11 (Reuters) - Russia's largest online bank
Tinkoff, part of TCS Group, has acquired 5% of ordinary
shares in the St Petersburg Exchange, Russia's major bourse for
trading foreign stocks, the lender said in a statement on
Friday.

The parties last week agreed the bank could buy a larger
stake of a maximum of 7.5% of the exchange's share capital.
(Reporting by Alexander Marrow, editing by Louise Heavens)

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