Bloomberg News

Baring Vostok to Join Goldman as Investor in Tinkoff Credit

May 11, 2012

Tinkoff Credit Systems, a Russian consumer lender, said Baring Vostok Private Equity Fund IV agreed to invest $50 million in the bank.

Baring Vostok will join Goldman Sachs Group Inc. (GS:US) and Vostok Nafta Investment Ltd. (VNIL) as international investors in the bank founded and majority-owned by Oleg Tinkov, according to an e- mailed statement today.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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