Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Yandex Acquires the Parent Company of Tinkoff Bank
25.09.2020 23:33
Yandex Acquires the Parent Company of Tinkoff Bank

Yandex has reached a preliminary agreement to acquire TCS Group, the parent company of Tinkoff Bank. The press service says that it is about the possible acquisition of 100% of the company's share capital.

      The parties came to an agreement in principle on the deal. It implies remuneration in the form of cash and Yandex shares totaling about $ 5.48 billion, or $ 27.64 per Tinkoff share, Yandex reports.

      It is noted that the deal must still be approved by the owners of Yandex shares of class A, as well as the company's shareholders.

Author: Anna Dorozhkina

Tags: Yandex Russian banks    

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Art Auctions  Russian cities  Krayinvestbank   Sergey Prokofiev  Events in Moscow  Russian television  Museums of Russia  Russian economy  gastronomic festival  Russian science  Galina Vishnevskaya Opera Singing Center  Moscow  Mstislav Keldysh  Russian scientists  Restored Films  St. Petersburg  Russian circus  Old Ladoga  Voronezh   Russian business  Exhibitions in Moscow  Pushkin Museum of Fine Arts  Russian Film Directors  Installations  Surgutneftegaz   Mercedes-Benz Fashion Week Russia  Krasnodar Flood  Transportation  Russian tourism  Russian mobile operators  Folk Arts  Cyril and Methodius   Russian Cinema  Marc Chagall  Concerts in Moscow  Zaryadye  Battle for Sevastopol  Online Events during Quarantine  Russian Choir  Murmansk  Russian sports  Monuments to People  Fashion designers  Petersburg Planetarium  Anna Karenina   Tver region  Russian Fine Arts  Vologda  Mikhail Kornienko  Russian law enforcement  

Travel Blogs
Top Traveling Sites