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Delisting Shares
World Economy

Delisting Shares

Russian entrepreneur Oleg Tinkov, the owner of consumer credit group TCS (Tinkoff Credit Systems), said he may opt to delist the company shares from the London Stock Exchange after they lost more than 80 percent in a year. A spokeswoman for TCS confirmed comments made by Tinkov and reported by RIA Novosti news agency on Saturday. “If the shares will behave just like they do now, we leave the right to delist it and make the company private,” Tinkov said. TCS placed its shares in London in October 2013, in an initial public offering (IPO), which valued the business at $3.2b – or an estimated five times book value.

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