Yandex shares show growth on the Moscow Stock Exchange for the second day in a row. During trading on Friday, January 26, the shares rose in price by 3.74%, to 2,883 rubles per share, the highest since February 24, 2022.
Quotes grow for the second consecutive day; On Thursday the increase was 5%. As BCS Express analysts note, the growth is observed against a backdrop of a lack of corporate news, but market participants are apparently waiting for details on the division of the business.
At the beginning of the week it became known that 100% of Yandex LLC was transferred from the Dutch Yandex NV to the Russian MCAO Yandex. The remaining 0.01% belongs to the International Foundation “Public Interest Fund”.
MCAO “Yandex” was formed at the end of December last year. Its founder is Yandex NV. The structure is registered in a special administrative region on Oktyabrsky Island in the Kaliningrad Region.
According to Reuters, the company’s business restructuring is expected to be completed in 2024.
Author:
Natalia Gormaleva
Source: RB
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