UniCredit and Citigroup are in talks to sell their Russian divisions to local financial institutions.
In particular, Interros of Vladimir Potanin, which had previously bought 35% of
Tinkoff Group, claimed UniCredit's business.
Deals
Siemens leaves Russia for political reasons
The German industrial-technology group said Thursday it is ending its
involvement in the Russian economy. Siemens is currently the latest
multinational company to announce an exit from Russia and related losses.
In the second quarter of 2022, the company's losses totaled about $630 million.
The company cites the
Pfizer buys Biohaven for $11.6 billion
The deal should put an end to the protracted M&A lull in the biotech sector.
Piper Sandler analyst Christopher Raymond also thinks so. He believes that the
Pfizer deal could restore sentiment about mergers and biotechnology in general.
The U.S. biotech sector experienced its worst April since
Oleg Tinkov received 33 times less for his stake in Tinkoff Bank than he would have
The company was worth $8 billion, three times less than it was worth "before,"
Tinkov added. His 35% stake was worth less than $2 billion and he sold it even
cheaper.
Tinkov said he received only 3% of the company's value of $22 billion when he