Report: Yandex said in talks to buy Svyaznoy CEO’s bank Acropol

MOSCOW, Mar 15 (PRIME) -- Russian Internet company Yandex is doing due diligence of bank Acropol of Yevgeny Davydovich, general director of group Svyaznoy, and could sign an acquisition deal soon, edition The Bell reported late on March 12 quoting sources.

“We’re interested in obtaining a banking license. We’re considering all possible variants,” a Yandex spokesperson said.

Two sources said the Internet company studied different banks, but picked Acropol. A source said Yandex is not buying a bank as is, but a banking license and the company has no plans to open branches or lend cash.

Established in 1994, Acropol offers a whole range of banking services.

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