Yandex and TCS Group terminate discussions on acquisition – Business & Economy

Yandex and TCS Group terminate discussions on acquisition – Business & Economy

MOSCOW, October 16. /TASS/. The deal on the purchase of TCS Group – the parent company of Tinkoff Bank – by Russian Internet giant Yandex will not happen, since the parties could not come to an agreement, according to the Group’s statement said on the London Stock Exchange.

“Following further discussions, including with Tinkoff’s controlling shareholder, the parties have agreed not to proceed with the Potential Transaction. Negotiations between the parties with respect to the Potential…


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