Investment Group Capital Group doubled its stake in Yandex

According to Cnews , the investment group of companies Capital Group recently doubled its share in Yandex, increasing its stake to 9.7%. The total value of the package is currently estimated at $ 520 million.

Capital Group includes a large number of various investment funds, which are managed by Capital Research and Management Company. This company, in turn, works through three divisions independent of each other: Capital Research Global Investors (managing 6.7% of Yandex shares), Capital World Investors (0.3% of Yandex shares) and Capital International Investors (2, 7% of shares through legal entity Capital Group International).

A year ago, a large stake in Yandex was owned only by Capital Group International. A year ago, this division had a 4.5% stake in a domestic company. Now the maximum shareholding belongs to one of the investment funds included in the Capital Group. This fund owns 5% of the package of 9.7% of the shares of Yandex.
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In addition, Yandex and other investors are actively interested in the assets of Yandex. For example, the French fund Comgest Global has recently been able to collect 3.9% of the shares. Plus, the Oppenheimer fund, which now already owns 11% of Yandex shares.

Experts believe that this activity of the investor is explained by the decline in the prices of the securities of the domestic company. So, last summer, one share of Yandex cost about $ 35. Now the share price is 16.34 dollars. After the shares began to lose in value, some of the old owners of securities companies began to get rid of them. For example, in 2013, the Tiger Global fund sold a package of 5.5% of the company's shares, thus selling off all Yandex-owned securities owned by the fund. Last year, Morgan Stanley reduced the company's stake from 4.3% to 0.7%.

Currently continues to get rid of the shares of Yandex and Barring Vostok, has already reduced the package of securities belonging to him from 6% to 4.5%.

Foreign investors now, in aggregate, own a 25.2% stake in the company.