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Flash Report / Global

Yandex and Tinkoff end merger negotiations

  • Tinkoff Group and Yandex have officially announced an end to negotiations on the potential acquisition
  • Yandex announced being in discussions with TCS Group Holding to acquire 100% share capital of Tinkoff on 22 September
  • According to the Bell, the proposed shape of the post-merger business did not meet Oleg Tinkoff's initial expectations

Tinkoff Group and Yandex have officially announced an end to negotiations on the potential acquisition of 100% of Tinkoff equity by Yandex ($5.48bn preliminary price indication), which was initially announced by the parties on 22 September.

According to the Bell, citing a message from Oleg Tinkoff to employees, the proposed shape of the post-merger business did not meet his initial expectations. Apparently, he had hoped to have had a bigger influence in the enlarged company than what Yandex were prepared to give.


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The contents of this document have been prepared by Joint Stock Company “Alfa-Bank” ("Alfa Bank") as Investment Research within the meaning of Article 36 of Commission Delegated Regulation (EU) 2017/5...

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