Yandex shares on the Moscow Exchange fall by 4% on news of restructuring
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Yandex shares (MOEX: YNDX) on Moscow Exchange (MOEX: MOEX) at the beginning of trading fell by more than 9%, to 2870 rubles. As of 10:11, shares reduced the decline to 4.75% and are trading at RUB 3,044. for paper.
Today, February 5th, became knownthat the Dutch Yandex NV entered into a deal to sell the Yandex business for 475 billion rubles. consortium of private investors and company managers. Until July 31, Yandex NV will change its name and stop using Yandex brands. The company’s plans to divide assets became known in November 2022.
About the reorganization options discussed – in the Kommersant FM article “A Deal with Many Unknowns”.
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