The new main owner of the Yandex group, closed the mutual fund consortium. First, he extended the deadline for accepting over-the-counter trading requests.
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“The deadline for submitting over-the-counter applications will be extended until June 11, 2024 inclusive, the deadline for acceptance will be until June 17, 2024 inclusive,” follows from the message from the closed mutual fund. Previously, the deadline was set for May 31.
The conditions for the over-the-counter exchange and buyback of shares of the Dutch company Yandex NV became known in mid-May and differ for different groups of investors.
The closed-end mutual fund explained that they decided to change the deadlines due to requests from private investors and professional market participants. However, the investment fund recommends submitting applications as soon as possible.
MKPAO “Yandex”, owned by the closed mutual fund “Consortium.First”, became the parent company of the “Yandex” group on May 17 as a result of the completion of the first stage of the business division transaction.
As part of the second stage, which should be completed by the end of July, Yandex NV will sell the remaining 28% of its stake, after which it will change its name and stop using the Yandex brands.
Author:
Natalia Gormaleva
Source: RB
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