The new key shareholder of Yandex Group is the Closed Consortium of Mutual Funds. “First” – received 752 thousand offers to exchange 43,851 thousand shares of Yandex NV for securities of the Russian ICPJSC “Yandex”, says the press release of the company.
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At the beginning of June, the application process for currency exchanges was extended by one day at the request of professional market participants.
During the exchange and redemption, the closed-end mutual fund intends to receive in total no more than 107,729 thousand shares of Yandex NV. In total, the closed-end mutual fund may exchange as part of them a maximum of 50,047 thousand shares of the Dutch company Yandex NV. from the exchange
The main conditions for the exchange and repurchase of shares were known at the beginning of May. They differ for different groups of investors.
Author:
Natalia Gormaleva
Source: RB
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