Yandex has agreed with TCS Group, which owns Tinkoff Bank, to purchase for $ 5.48 billion.

This is reported by TASS with reference to the statement of TCS Group.

Yandex notes that the final terms of the deal will be subject to the satisfactory completion of the due diligence and approval of the final documentation.

At trading on the Moscow Stock Exchange, TCS Group Holding shares rose 7.3%, Yandex - more than 3%.