The offer, filed with the Central Bank, targets at least 50% of Cian's outstanding ordinary shares in the first stage, with the group prepared to buy up to 100% from private and institutional investors, Kommersant reported. At the proposed price, a controlling stake would cost about 38.6 billion rubles, valuing all of Cian at roughly 77.1 billion rubles.
Cian shares rose 20.5% on the Moscow Exchange to 937 rubles apiece by 11:40 Moscow time after the news broke, Reuters reported. T-Technologies expects to close the deal in the first quarter of 2027, after all procedures and approvals are completed. No additional share issue is planned.
Cian told Kommersant that no official offer from T-Investments had yet reached the company. "No decisions have been made. The board of directors and shareholders will consider this offer within the allotted time, immediately after its official receipt," the outlet quoted representatives of the service as saying.
Stanislav Bliznyuk, president of T-Technologies, described the purchase as a continuation of the group's strategy of developing specialized 360 platforms. According to him, the group is already building an auto ecosystem on the basis of Auto.ru, bought from Yandex, and intends to repeat the approach in the real estate market — for tenants, sellers, partner banks, developers and realtors. If the deal closes, Cian will keep its brand and continue operating independently within the group's overall strategy.
Cian's largest shareholder is Dmitry Kryukov, founder of the Elbrus Capital fund, who controls 36.9% of the company through structures of the Speedtime group. Cian Investments Limited holds 30.06%, service founder Dmitry Demin holds 7.95%, and former project head Maxim Melnikov holds 6.26% through MM Asia Invest Limited.