Board of Directors of TCS Holding approved an independent valuation of Rosbank within the framework of the merger at ₽129.4 per share. Taking into account the rights of claims on subordinated debt and other assets under the closed subscription, this valuation implies a P/B multiple of 1.05 relative to Rosbank's 2023 IFRS total capital. Completion of the transaction is expected by the end of Q3 2024.
Board of Directors of TCS Holding approved an independent valuation of Rosbank within the framework of the merger at ₽129.4 per share. Taking into account the rights of claims on subordinated debt and other assets under the closed subscription, this valuation implies a P/B multiple of 1.05 relative to Rosbank's 2023 IFRS total capital. Completion of the transaction is expected by the end of Q3 2024. 
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