Yandex’s parent company, Yandex NV, registered in the Netherlands, received offers from Vladimir Potanin and Vagit Alekperov to buy a majority stake. It is reported by Bloomberg, citing sources familiar with the situation.
Entrepreneurs claim at least 51% of the shares of the Russian company “Yandex”. This package, according to agency sources, is estimated at around 560-600 billion rubles ($7-$7.5 billion).
Yandex NV’s board will discuss this proposal next week in Dubai, but the meeting may not make a final decision.
In early May, The Bell (included in the Ministry of Justice’s register of foreign agents) reported that Vagit Alekperov, co-owner of Lukoil, Alexey Mordashov, owner of Severstal, and Vladimir Potanin’s structures responded to an offer to participate in a consortium to buy a majority stake in Yandex.
Currently, the family trust, established by the co-founder of the company, Arkady Volozh, owns 8.5% of the capital of Yandex and 45.1% of the votes. In November, Yandex confirmed its intention to restructure corporate governance and make Yandex NV a separate group. Russian “Yandex” with all assets will pass under the new parent structure.
It was reported that such a scenario involves the sale of 51% of the “Russian” part of Yandex to investors and the maintenance of 49% for Yandex NV.
The Dutch Yandex NV will hold licenses for the development of four projects abroad: drones, cloud technologies, the educational Yandex.Practice and the Toloka data marking project.
Author:
anastasia mariana
Source: RB
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