Yandex N.V. (NasdaqGS:YNDX) agreed to acquire CB "Acropol" JSC from Evgeny Davydovich and others for RUB 1.1 billion on April 28, 2021. As a result of the transaction, Yandex obtained all Acropol’s licenses, including universal banking license, required to develop Yandex FinTech vertical. The transaction is subject to regulatory approval by the Central Bank of Russia. Yandex applied for approval on April 28, 2021. As of July 5, 2021 Central Bank of Russia approved the deal. Transaction is expected to be closed once the necessary permits have been obtained. Leo Batalov of DLA Piper acted as legal advisor to Yandex LLC. Yandex N.V. (NasdaqGS:YNDX) completed the acquisition of CB "Acropol" JSC from Evgeny Davydovich and others on July 16, 2021. Under the terms, As previously disclosed, the total consideration amounted to approximately RUB 1.1 billion (appx. $14.7 million), of which RUB 75 million (appx. $1 million) represented premium to the capital.