Electronic trading will go up on the Fabrikant site on June 26, and applications are accepted until June 17, Interfax writes, citing a statement from Trust. The lot includes Tochka JSC and all its subsidiaries.
Now Trust has a 90% stake in Tochka. Another 9.9% is owned by the owners of S7 Group, the Filev family. The fact that they became minority shareholders of Tochka was reported in March of this year. Previously, this share belonged to the founders of the project, Boris Dyakov and Eduard Panteleev.
The initial price of the lot will be 22.7 billion rubles. Thus, the entire bank is valued at 25.2 billion rubles.
The main contenders;
Due to the fact that the Filev family acquired a minority stake in Tochka, this may give it the right to priority acquisition of the rest of the share, Kommersant wrote with reference to the bank’s charter. Thus, Invest finance LLC, owned by Tatyana Fileva, became the owner of 9.9% of Tochka.
At the same time, there are several other major contenders for the Trust asset. Among them are Alfa-Bank, Sovcombank, Uralsib, Qiwi and Yandex. But the main one is called Tinkoff.
In a conversation with Kompaniya, independent financial market expert Andrei Barkhota notes that the purchase of a stake in Tochka by the Filevs’ structure does not mean that they are interested in acquiring the entire bank. He recalls that the Filevs own a large air group and have not previously expressed ambitions in the banking sector. This purchase is most likely a financial investment in a company that shows good profits, the source adds.
Tochka is a digital bank that works with entrepreneurs. Its capital is 3.6 billion rubles.
At the end of 2022, the net profit of Tochka JSC under RAS amounted to 6.2 billion rubles. Compared to the previous year, the figure increased by 2.2 times.
In the first two months of this year, the bank’s profit, according to Trust, reached 1.1 billion rubles.
In addition, in January 2023, the Central Bank issued a universal banking license to Tochka: that is, it turned from a fintech project into a full-fledged credit institution, says Barkhota. Now Tochka can not only work with clients from small and medium-sized businesses, but also, for example, attract and place deposits with subsequent profit.
“When this happened, everyone wondered why Tochka needed a banking license. Trust is selling the bank and is interested in selling it at a higher price. To do this, you need to expand the pool of applicants for the bank, and obtaining this license just contributes to this. Now the bank is of interest not only to large players in the sector, but also to non-banking structures. The same “Yandex”, for example, can use it as its settlement bank,” the source added.
The owners of S7 have become minority shareholders of Tochka, but whether they will take the next step and use the priority right to purchase is unclear, agrees financial analyst Mikhail Belyaev, candidate of economic sciences. “It depends both on external circumstances (for example, the economic environment) and on the general understanding of whether they need a bank as such,” he adds.
According to Barhota, banking structures will still seriously fight for the asset. “I doubt that the Filev family is the main contender. (To win the auction), you need to increase the rating, and to participate in it, you still need to confirm your financial situation first. Now their task, rather, is to sell their share to a new investor with maximum profit,” the source said.
