There Will Be No Deal between Yandex (YNDX) and Tinkoff (TCS:IL), Stocks Fell, and the Central Bank Will Check the Companies for Insider Trading

Extremely Significant Deal Won’t Happen

There will be no deal between Tinkoff Bank, one of the most popular in Russia, and Yandex, the country’s largest technology holding. The stocks of both companies led to a decline in the Russian market on Friday. Besides, the Central Bank has expressed a desire to check the companies for insider trading, according to media reports.

Experts called the potential deal extremely significant for the entire Russian market since the merge of Tinkoff…

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