Yandex commented on the terms of the agreement with new investors. They will not receive a controlling stake, control will be retained by the company’s management. Yandex has considered all requests from potential investors, but has not yet made a final decision on its composition and is not ready to disclose it.
Control in Yandex after the agreement with the new investors will be retained by the current management team. This is stated in the company’s message after the results of the board of directors. The document is available to Forbes.
Yandex stressed that new investors would not gain control of the company. The composition of potential investors “Yandex” will be ready to disclose, “when possible.”
Also in “Yandex” he noted that all changes offered by the board of directors must be approved by the shareholders of Yandex NV
It is planned to offer shareholders of the Dutch Yandex NV several options for the separation of the Russian and international business of the company. Among them are receiving cash, holding a stake in the Russian division or receiving shares in international start-ups.
The main contenders for the acquisition of the business were the co-owner of Lukoil Vagit Alekperov, the owner of Severstal Alexei Mordashov and the structures of Vladimir Potanin. VTB also joined the consortium to buy a stake in Yandex.
Author:
Kirill Bilyk
Source: RB
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