Tag Archives: operations

[unable to retrieve full-text content]Yandex N.V. Announces Initial Closing of $5.2 Billion Sale, Sheds 68% Stake in Russian Operations  TechGraph Source link

[unable to retrieve full-text content]Yandex N.V. Begins Divestment of Russian Operations  TipRanks Source link

[unable to retrieve full-text content]Kinder Morgan meets profit estimates, sees new demand from AI operations  Yahoo Finance Source link

The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil By DAVID McHUGH AP Business Writer February 5, 2024, 8:29 AM ET • 3 min read FRANKFURT, Germany — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil… Source link

Yandex, often described as Russia’s Google, has sold its domestic businesses at a knock-down price. Bloomberg reports the search and services giant, now headquartered in the Netherlands, has handed off its Russian operations for 475 billion rubles ($5.2 billion) in cash and shares. The new owners include the management group, as well as Russia’s biggest domestic energy company, Lukoil, and Russian businessman and a former executive at Gazprom, Alexander Ryazanov, among others. Now that… Source link

Yandex, the company often referred to as “Russia’s Google”, has agreed to sell its operations in the country in a cash-and-shares deal worth Rbs475bn ($5.2bn), as it seeks to secure its future in the aftermath of the war in Ukraine. The sale by Yandex’s Nasdaq-listed, Netherlands-based parent company, announced on Monday, to a consortium of Russian investors will also result in the group spinning off some of its main international projects. The move follows a protracted 18-month… Source link