From May 15, the Moscow Exchange will admit shares of MKPAO Yandex to trading – Kommersant

From May 15, the Moscow Exchange will admit shares of MKPAO Yandex to trading - Kommersant

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The international public joint stock company (IJSC) “Yandex” received a listing on the Moscow Exchange (MOEX: MOEX). The company’s shares will be included in the first quotation list of the site. They will trade under the ticker YDEX.

Press service of MCPAO “Yandex” reportedthat trading in shares will begin in the coming months. Moscow Exchange clarifiedthat the company’s securities will be admitted to trading on May 15. The terms are subject to change upon notification from the company.

Shareholders of the Dutch Yandex NV March 7 approved a deal to sell Russian assets to a consortium of private investors for RUB 475 billion. The parent company will be Yandex, which will retain the businesses, services and assets of the group, with the exception of foreign startups Nebius, Toloka, Avride and TripleTen, as well as a data center in Finland. Management of the company and the right to make key decisions will remain with the previous management team.

Read more about the terms of the non-competition agreement between the two companies in the Kommersant article. “Yandex is different from Yandex”.

Lusine Balasyan

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