Yandex N.V. (YNDX)
- Reuters
Southey Capital offers to buy shares in Russian railroad firm Globaltrans
Southey Capital, a capital markets firm specialising in distressed and illiquid securities, said on Monday it was offering to buy shares in Russian railroad operator Globaltrans at a discount of around 20%. Western sanctions imposed in response to the conflict in Ukraine and subsequent Russian countermeasures have stranded assets in both Russia and the West. Globaltrans did not immediately respond to a request for comment on the offer by London-based Southey Capital.
- Bloomberg
Yandex Aims to Complete Stage One of Russian Divestment by May
(Bloomberg) -- Yandex NV has extended through April the timeframe for completing the first stage of a $5.2 billion deal to sell its Russian business, the Dutch-based company said in a statement. Most Read from BloombergKim Jong Un Faces Annihilation in Most Korea War ScenariosApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesTSMC Facilities to Resume Production Overnight After QuakeTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionA Million Simulations, On
- Reuters
UPDATE 1-Yandex NV shareholders approve sale of Russian assets to investor consortium
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, a technology company that operates an internet search engine, 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. Yandex NV said in a statement that it was pleased with the progress made so far on satisfying required conditions, including receiving shareholder approval and a green light from the Russian government's commission for control over foreign investment.
