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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.
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
Darya Ermolina Larisa Chernysheva
Head of PR IR Department
+ 7 495 648-10-00 (ext. 2009) + 7 495 648-10-00 (ext. 2312)
d.ermolina@tinkoff.ru ir@tinkoff.ru [1]
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.
ISIN: US87238U2033
Category Code: ACQ
TIDM: TCS
LEI Code: 549300XQRN9MR54V1W18
Sequence No.: 5749
EQS News ID: 704595
End of Announcement EQS News Service
1: mailto:ir@tcsbank.ru
(END) Dow Jones Newswires
July 16, 2018 03:00 ET (07:00 GMT)
