Yandex succeeded in canceling the NASDAQ decision on delisting – Kommersant
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The American stock exchange NASDAQ granted the appeal of Yandex and will not delist the shares. This does not apply to the decision to suspend trading in Yandex shares, which has been in effect since the end of February 2022.
According to the company, NASDAQ took into account Yandex’s restructuring plans. Within its framework, the main part of the business will be separated into a separate group of companies, management will retain control over it. “According to the decision of NASDAQ, Yandex securities will continue to be on the exchange list, but the decision to suspend trading will remain in effect. On the Moscow Stock Exchange, Yandex shares are traded in the usual way, ”the statement says. message companies.
NASDAQ in March informed on plans to delist securities “Yandex”, Ozone, Qiwi And headhunter. They all appealed the decision. The NASDAQ has previously rejected Ozon’s appeal, but the company intends to challenge the decision a second time.
At the end of November 2022 Yandex announced possible changes in the corporate structure. The company intended to leave only a part of the group’s business, in particular, international projects in the field of cloud technologies, to the head structure of Yandex NV. Most of the group’s services, including search and advertising, were planned to be given to the new group of companies.
Who can buy the Russian “Yandex” – in the publication “Kommersant” “Yandex will pro-yandex investors”.
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