Billionaires Vladimir Potanin and Vagit Alekperov, as well as other potential investors in Yandex’s Russian business, proposed revising the size of the option package for Yandex corporate development advisor Alexei Kudrin based on the results of the company’s reorganization . Forbes reports this citing sources.
We are talking about stock options of the subholding company of the Dutch Yandex NV: this is an international company of the joint stock company (ICAO) “Yandex”, which was registered on December 27, 2023 in a special administrative region in the Kaliningrad region, specified a source close to the company.
It is assumed that the Russian assets of the Dutch company Yandex NV will be transferred to Yandex MCAO and will also receive new owners, among whom there may be Russian financial and industrial magnates.
Alexey Kudrin has held the position of corporate development advisor at Yandex since December 9, 2022. For the transition to the company and assistance in the division of its Russian and international assets, Yandex founder Arkady Volozh offered Kudrin a 5% stake in Yandex.
Another Forbes source notes that 5% was the upper limit of the Yandex stake that Kudrin could receive as part of the initial deal. Now the upper limit is 2-3% and potential investors “insist on a reduction to 1.5%,” the source added.
Kudrin declined to comment in the publication on the size of his options package, as did Arkady Volozh, a representative of Yandex and the Interros holding company, whose president is billionaire Vladimir Potanin. LUKOIL, whose main shareholder is billionaire Vagit Alekperov, did not respond to the request.
Author:
Anastasia Marina
Source: RB
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