VTB's negotiations on the purchase of a stake in Yandex are at an early stage

VTB's negotiations on the purchase of a stake in Yandex are at an early stage


VTB's negotiations on the purchase of a stake in Yandex are at the very initial stage, said Dmitry Pyanov, deputy chairman of the board of the bank. According to him, the funds of clients will become the source of financing for the purchase of the stake.

“At the very beginning,” Mr. Pyanov answered the relevant question of journalists on the sidelines of the V Congress of the Association of Banks of Russia "Prime").

Russian assets of "Yandex" are estimated at about $ 7-7.5 billion. According to analysts, the deal will be closed at the end of 2023 - beginning of 2024. That VTB is studying the possibility of joining a consortium of investors, informed May 23, the head of the bank Andrey Kostin. final decision will be accepted after negotiations on the size of the share and the amount of the transaction.

The main shareholder of Yandex is the family trust of Arkady Volozh, co-founder of the company. His LASTAR Trust fund owns 8.5% of Yandex's capital (45.1% of votes). The trust no longer has voting rights: in 2022, it transferred its voting rights to independent members of the company's board of directors.

Bloomberg citing sources reportedthat "Yandex" will offer investors to choose from three options: to keep a share in the Russian business, to receive monetary compensation or a share in international start-ups. Yandex Board of Directors at a meeting on May 25 decidedthat new shareholders, after entering the capital of the company, will not receive control over it.

Read more in the publication "b FM" "Yandex is processing options".

Maria Fedotova



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