Yandex said that after the restructuring, the final decision on the potential composition of the company’s economic investors has not yet been made. This has been reported Company Website.
The statement states that Yandex’s board has already considered investors’ applications to buy shares in the company, which will now need to be approved by the shareholder. At the same time, new investors will not have control over Yandex, it will remain in management.
It was noted that after all possible changes have been analyzed and corrected, Yandex will announce the details of the proposed restructuring. The options developed by the board of directors take into account the interests of all current shareholders, employees and the company.
Yandex noted that the final decision on the potential composition of economic investors has not yet been made.
Andrey Kostin, former head of VTB declarationthat the credit institution is a member of the consortium to buy shares in the Russian search engine Yandex.
According to the head of VTB, the size of the bank’s share in the company has not yet been determined, this issue is currently under discussion. Kostin noted that the deal to buy a stake in the asset could be closed before the end of 2023. He did not specify the cost.