Large shareholders of "Yandex" sell their shares on the stock exchange
The oldest shareholders of Yandex are gradually selling blocks of shares of the largest Russian IT company on the public securities market.
Thus, one of the companies of the Baring Vostok fund group, the BC & B Cooperatief UA fund, announced the sale of a part of its stake in Yandex, judging from the documents submitted to the United States Securities and Exchange Commission (SEC) and which were at the disposal of Vedomosti . In total, this company owns 14.894 million shares of the company, which is about 4.6% of the total issue of “Yandex”.
Since last fall, the company has sold about 2.4 million shares, or about 0.8% - the current value of this package is estimated at $ 35 million.
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In October 2014, Baring Vostok already sold its existing Yandex shares, selling about 1% for about $ 75 million. For five months, the shares fell almost twice: at the time of the application in October, one simple share of the company was worth $ 25.7, and Yesterday's close of the NASDAQ trade - $ 14.48. For the year, the decline in the value of Yandex shares amounted to 53.9%.
The funds belonging to the Baring Vostok group are the oldest shareholder of Yandex, buying a 35.7% stake in the company for $ 5.28 million in 2000, valuing the entire IT company at $ 15 million. Now the group has an agreement with the investment bank Morgan Stanley on the sale of almost the entire stake in Yandex, expressing a desire to sell 19.98 million of the existing 20.26 million shares on the market.
At the time of the agreement with Morgan Stanley, this stake was worth about $ 700 million, now its value is approximately $ 289.3 million.
Also recently, one of the oldest employees of Yandex, Vladimir Ivanov, prepared to sell his Class A and B voting shares (his share is slightly more than 4% of the entire issue).
Thus, one of the companies of the Baring Vostok fund group, the BC & B Cooperatief UA fund, announced the sale of a part of its stake in Yandex, judging from the documents submitted to the United States Securities and Exchange Commission (SEC) and which were at the disposal of Vedomosti . In total, this company owns 14.894 million shares of the company, which is about 4.6% of the total issue of “Yandex”.
Since last fall, the company has sold about 2.4 million shares, or about 0.8% - the current value of this package is estimated at $ 35 million.
')
In October 2014, Baring Vostok already sold its existing Yandex shares, selling about 1% for about $ 75 million. For five months, the shares fell almost twice: at the time of the application in October, one simple share of the company was worth $ 25.7, and Yesterday's close of the NASDAQ trade - $ 14.48. For the year, the decline in the value of Yandex shares amounted to 53.9%.
The funds belonging to the Baring Vostok group are the oldest shareholder of Yandex, buying a 35.7% stake in the company for $ 5.28 million in 2000, valuing the entire IT company at $ 15 million. Now the group has an agreement with the investment bank Morgan Stanley on the sale of almost the entire stake in Yandex, expressing a desire to sell 19.98 million of the existing 20.26 million shares on the market.
At the time of the agreement with Morgan Stanley, this stake was worth about $ 700 million, now its value is approximately $ 289.3 million.
Also recently, one of the oldest employees of Yandex, Vladimir Ivanov, prepared to sell his Class A and B voting shares (his share is slightly more than 4% of the entire issue).
Source: https://habr.com/ru/post/286830/
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