Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Yandex will buy Tinkoff
Analytics

Yandex will buy Tinkoff: what do we know about the deal?

10.03.2021
2 min read

Yandex Corporation to buy Tinkoff for 5.5 billion dollars

Yandex Internet Corporation will buy Tinkoff, the transaction amount will be 5.5 billion dollars. Experts have already called this event a milestone for the Russian market, and it can make adjustments to the distribution of forces in the local financial segment.
The parent company of Tinkoff Bank is TCS Group, which is located in Cyprus. The shareholders of the latter have already agreed to the deal, but according to Oleg Tinkov himself, it should be considered as a merger. Besides, the bank founder wants to concentrate his forces in another area, considering that he has reached the limit in the Russian financial market. After the purchase, Tinkoff will be represented under its own brand and will retain its position and independence.
Despite Tinkoff’s statement, experts view the deal from a different angle. They believe that problems with the U.S. tax system have forced the entrepreneur to sell the bank. In addition, after the statement about leukemia, Oleg left the company management and is undergoing treatment.
It should be noted that there were talks about merging the two giants back in 2019. Then Volozh and Tinkov mentioned the merger, but it was not serious. At a forum in St. Petersburg, the founders of the companies noted that they have many similar things, including the color of the logo.

Yandex will buy Tinkoff

Alfa Bank analysts decided to develop this idea and predicted a scenario where the merger could take place. However, at that time they were considering the option of Yandex to acquire a 25% stake in Tinkoff, rather than 100%, as it is now.
The Internet Corporation plans to close part of the transaction with money, and part with securities. The process will be controlled by the Cyprus profile body.
The deal opens wide opportunities for Yandex, and will provide an opportunity to develop the fintech service. The last factor is relevant for the corporation, given the fact that it is no longer the owner of Yandex.Money. According to experts, the Internet giant will be able to take a leading position in the Russian segment.
Despite the fact that the deal is not yet completed, it has already brought income to the founders of the companies. Within half an hour after it became known about the signing of the preliminary agreement, the shares of Yandex traded on the Nasdaq exchange rose in price by 4.3% and reached 61.7 dollars per share. The corporation’s capitalization also increased to 21.5 billion dollars. TCS Group increased its value by 10.7%. As a result, the capital of Oleg Tinkov, which last year was 1.6 billion dollars, doubled. His family trust will receive $2.2 billion from the deal, having sold 40.2% of the bank’s shares. The condition of the founder of Yandex Arkady Volozh has already added 227 million dollars.

Tags: Analytics
0
Previous Post Perpetual bonds from the Russian Post: why do you need to issue bonds? Next Post Oil futures trading at negative prices is now available on the Moscow Stock Exchange

You Might Also Like

oil prices collapse
Analytics
Wood Mackenzie analysts: oil prices expected to collapse
25.11.2021
US stock market
Analytics
Oksana Kholodenko, BCS World of Investments: the US stock market is at record highs
15.11.2021
IPO boom
Analytics
How the IPO boom is dangerous for the market: the opinion of Finam analyst
05.12.2021
possible collapse
Analytics
How close is the possible collapse of the markets: the opinion of experts
29.01.2022
strengthening of the Russian ruble
Analytics
Will the Russian ruble strengthen until the end of 2021: forecasts from Credit Suisse
23.07.2021
investment attractiveness
Analytics
Finam analysts: why the investment attractiveness of the gold market is falling
20.12.2021

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics