bne IntelliNews – Shares of Russian Yandex soar on Tinkoff Bank merger

Shares of Russian internet major Yandex jumped by 14% on the Moscow Exchange on September 23, on top of 11% gain on September 22, to record-high RUB5,300 ($69) per share on the announcement of the acquisition of Russia’s only pure online bank Tinkoff from the banking TCS Group. 

As reported by bne…

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