Tag Archives: approve

Yandex NV shareholders approve sale of Russian assets to investor consortium -March 07, 2024 at 01:30 pm EST

Yandex NV shareholders approve sale of Russian assets to investor consortium -March 07, 2024 at 01:30 pm EST

March 7 (Reuters) – Shareholders of Dutch-registered Yandex NV approved the sale of “Russia’s Google,” the country’s most valuable technology asset, to a management-led consortium of Russian investors, the company said on Thursday. Yandex last month struck a 475-billion-rouble ($5.27 billion) deal after months of negotiations to sell its assets in Russia at a heavily discounted price due to Kremlin demands on foreign asset sales. (Reporting by Alexander Marrow and… Source link

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Yandex, Polymetal shareholders set to approve major Russian exit deals

Yandex, Polymetal shareholders set to approve major Russian exit deals

By Alexander Marrow LONDON (Reuters) – Two of Russia’s largest corporate exit deals since Moscow’s invasion of Ukraine are up for shareholder approval on Thursday, with “Russia’s Google” Yandex and major mining assets set to pass to Russian ownership in transactions totalling around $9 billion. Dutch-registered Yandex NV, struck a 475-billion-rouble ($5.27 billion) deal to sell its local subsidiary – Russia’s most valuable technology asset – to Russian investors, while precious metals producer… Source link

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