June 7, 2019 / 10:25 AM / 12 days ago

Russia's TCS co-owner to Yandex: let's integrate

ST PETERSBURG, June 7 (Reuters) - Oleg Tinkov, the main owner of Russia’s TCS group, told Russian Internet giant Yandex’s chief executive on Friday that their companies together would be worth more than $20 billion and suggested that they integrate.

Tinkov, who is known for his casual business style, said to Yandex’s Arkady Volozh at a public session of the St Petersburg economic forum: “I believe that if we combine ...in the most broad sense, with Yandex... the capitalisation of this company will be immediately over $20 billion.”

“Let’s integrate,” he said. (Reporting by Polina Devitt, Tatiana Voronova, Elena Fabrichnaya, Katya Golubkova; writing by Tom Balmforth; editing by Jason Neely)

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