The Dutch company Yandex NV has signed an agreement to sell the Russian company Yandex, the press service of the company reported. Thus, Solid Management Management Company completed settlements during the share buyback, as well as within the framework of the exchange and over-the-counter exchange.
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According to the statement, the shares of the new parent company of MKPAO Yandex have been transferred to brokers and investors. By July 31, Yandex NV will change its name and stop using the Yandex brands.
Investors’ applications for exchanging Yandex NV shares for MKPAO securities were accepted from May 14 to June 21. A consortium of investors extended the acceptance by one day. On July 9, the exchange deals were completed: investors exchanged 42.4 million shares for a total amount of 180.3 billion rubles.
Consortium of closed-end mutual funds. First, it bought Yandex’s Russian business from Yandex NV for 475 billion rubles, the deal was closed in February 2024.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
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