Shareholders of the Dutch company Yandex NV approved an agreement to sell the Russian business to senior management. In this respect reported company press service.
“Shareholders of Dutch Yandex NV approved the agreement on the sale of the Yandex business and changes in the corporate governance structure,” the statement said.
It is stated that 94.3% of the votes at the company’s Group A shareholders meeting supported this decision.
According to the press service, the agreement will be completed in two stages. In the first stage, the closed investment fund Consortium.First will acquire a controlling stake – up to 68% – in Yandex Moscow Autonomous Okrug from Yandex NV.
Following the restructuring results on February 8, Yandex NV will not have the right Within five years, we will create and develop similar services for Yandex businesses around the world.
At the beginning of February, Yandex NV Sold Transfer your business in Russia to a consortium of private investors and managers. The group’s parent company will be Yandex, the International Joint Stock Company (ICAO) registered in the Kaliningrad region, instead of Yandex NV. The main shareholder of MCAO will be Consortium.First, a closed investment fund managed by Yandex’s top managers. Other participants are the founder of Leta Capital, structures of Lukoil, head of the Infinitum depository Alexander Chachava and entrepreneur Alexander Ryazanov.
Previously in the Kremlin Reacted Sale of Russian enterprise Yandex NV