“It's a pity that the deal did not take place, we would have got a strong competitor, which is good strategically,” Forbes quotes him as saying.
At the end of September, it was reported that Yandex had agreed with TCS Group to purchase Tinkoff Bank for $ 5.48 billion.
On October 16, it became known that the parties stopped negotiations on the purchase.
According to Tinkov, initially it was about merging, “finding synergies” and growing the client base, but “in fact, everything turned into a sale”.
In turn, Yandex said that at each stage of the negotiations, Tinkov put forward new requirements.