Tinkov commented on the failure of the deal with Yandex on the purchase of the bank

“Today I made the decision to break off a possible deal with Yandex.

Why?

We started the conversation by merging, looking for synergies and rapidly growing our client base.

And they wanted to build the largest private company in Russia.

In fact, everything turned into a sale, "- quotes a fragment of his letter to employees of RBC Bank.

According to the businessman, Yandex intended to “just buy Tinkoff, which, in his opinion, would lead to negative consequences for the bank.

"Tinkoff" is not sold to either "Yandex" or MTS ", - said Tinkov.

He also expressed confidence that Tinkoff Bank will be able to increase its client base to 20 million, and its profit to $ 1 billion.

Earlier it became known that Yandex and TCS Group stopped negotiations on the purchase of Tinkoff Bank by mutual agreement due to the impossibility of agreeing on the final terms of the transaction.