The head of VTB, Andrey Kostin, said that since they are trying to sell Yandex without the discount provided for by the current regulation for the exit of foreign investors, it is necessary to transfer it to external management, following the example of the Finnish company Fortum.
Kostin also called buying the company at the listed price inappropriate. He then he answered the question whether VTB finally refused to participate in the consortium, writes Interfax.
“Also, I think that, in general, a deal should not be made at such levels. <…> We have a 50% presidential decree (a requirement for a discount when foreign investors leave Russian assets – ed.), and here we are talking about a market deal, ”Kostin commented.
At the end of May, Bloomberg reported that Yandex received offers to buy at least 51% of the shares of the Internet company, the cost of such a package was estimated at $ 7-7.5 billion.
According to the agency, the proposals were made by Lukoil founder Vagit Alekperov and Norilsk Nickel head Vladimir Potanin, whose application also includes potential co-investors including Roman Abramovich and VTB Bank. In addition, the consortium could include the chairman of the board of directors of MMK, Viktor Rashnikov, and the main owner of Severstal, Alexei Mordashov.
Author:
anastasia mariana
Source: RB
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