The Central Bank registered the issues of ordinary shares and “prefs” A and B of MKAO “Yandex”
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The Bank of Russia registered issues of ordinary and preferred shares of types A and B of the international company Yandex Joint Stock Company (MOEX: YNDX), reported on website regulator The Central Bank added that ICAO Yandex has not been assigned either an INN or OGRN.
The Yandex press service reported “Interfax”that the company is preparing for restructuring and is in the process of registering a new company in the Special Administrative Region on Oktyabrsky Island in the Kaliningrad Region. The agency claims that Yandex does not yet appear on the list of companies registered in the SAR.
Against the backdrop of news about the registration of issues, ordinary shares of Yandex (MOEX: YNDX) jumped on the Moscow Exchange by 5.59%, to 2,428.8 rubles. for paper.
In November 2022, it became known about plans to separate Yandex’s Russian and international business assets, led by the Dutch company Yandex NV. At the end of October this year, the company received permission from the government commission for the control of foreign investment for internal restructuring of the group.
As the agency reported in November Reuters citing sources, the Dutch Yandex NV plans to sell the entire Russian business. Sources estimated the deal at $5–6.18 billion, or RUB 560 billion, taking into account a 50% discount on the sale of foreign assets.
Read more about how Yandex can be reorganized in the Kommersant FM article. “Yandex is reviewing strategies”.
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