T-Technologies estimated Bank Tochka at almost 85 billion rubles

The Board of Directors of T-Technologies estimated 100% of Tochka Bank for consolidation at 84.8 billion rubles (.pdf). The technology company plans to complete the deal before the end of the year.

For consolidation, T-Technologies will use a mixed form of the transaction. 36% of the cost the company will pay in cash. 64% will be paid by shares of T-Technologies - an additional issue at a price of 320 rubles per share will be held on a closed subscription in favor of the owner of the Tochka Bank. The premium to the current market quotes is 27%.

The Board of Directors estimates that 170 million shares will be required for the additional issue. Half of them will remain within the group, and the real increase in the number of securities will be about 85 million - 3.2% of their total.

The Chairman of the Board of Directors of T-Technologies Alexey Malinovskiy believes that consolidation will pay off with a yield of over 30%. The company also expects the total dividend in 2026 to increase by more than 20%.

Read more – in the material “Kommersant” “Point” to put early.