US investment firm FMR LLC increased its stake to 5.98% in Yandex NV, Yandex’s parent company in the Netherlands. FMR LLC is part of Fidelity Investments, managed by Abigail Johnson with a net worth of $22.1 billion.
FMR LLC increased its stake in Yandex NV from 4.92% to 5.98%. Now, a US investment firm owns nearly 19.5 million shares of Yandex’s Netherlands head office, RBC reports, citing documents filed with the US Securities and Exchange Commission.
The transaction to change the share in the capital of Yandex NV was the first public case of the company since February 2022, when the listing of its shares on Nasdaq was stopped. At the moment, Yandex NV shares can be bought on the Moscow Stock Exchange and from brokers in various countries.
FMR LLC is part of Fidelity Investments, founded by the late Edward C. Johnson II. The company is run by his granddaughter Abigail Johnson, who is worth $22.1 billion according to Forbes.
Another US investment firm has reduced its stake in Yandex NV Invesco’s presence in the share capital of Yandex’s parent structure has decreased to 8.3%.
Author:
Kirill Bilyk
Source: RB
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