Yandex registered on Oktyabrsky Island in the Kaliningrad region
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International company joint stock company “Yandex” (MOEX: YNDX) registered in the special administrative region (SAR) on Oktyabrsky Island in the Kaliningrad region. The company was included in the register of participants of the SAR on December 26.
“MK JSC Yandex was included in the register of participants in the special administrative region on the territory of Oktyabrsky Island (Kaliningrad Region), about which a corresponding entry was made,” it says register.
Yandex shares immediately jumped by 1.8% on news of the completion of registration in the Oktyabrsky Island SAR in the Kaliningrad region. By the close of the previous day, the securities grew by 3.48%, to 2.5 thousand rubles.
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 Reuters reported in November, 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.”
The news is being updated.
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