Baring Vostok reduced share in Yandex to 3.8%
From March to May 2015, the share of Baring Vostok in Yandex decreased by 1%. The cost of the sold package is about $ 48 million at a price of 18.5 dollars per share.
In 2000, Baring Vostok, through ru-Net Holdings, acquired a 35.7% stake in Yandex for $ 5.28 million, valuing the company at $ 15 million. After the IPO "Yandex" in 2011, the investor began to sell shares, earning more than $ 1 billion on them, Vedomosti writes .
In June 2014, Baring Vostok Foundation commissioned Morgan Stanley to sell 19.98 million shares of the 20.26 million owned by the fund. At that time, the stock price on the NASDAQ was $ 33.95 dollars. Due to the fall in the value of shares amid the crisis, the agreement was extended for another year.
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In March, the price of Yandex shares reached a historic low of $ 14.92, then the shares went up to $ 18.5.
In 2000, Baring Vostok, through ru-Net Holdings, acquired a 35.7% stake in Yandex for $ 5.28 million, valuing the company at $ 15 million. After the IPO "Yandex" in 2011, the investor began to sell shares, earning more than $ 1 billion on them, Vedomosti writes .
In June 2014, Baring Vostok Foundation commissioned Morgan Stanley to sell 19.98 million shares of the 20.26 million owned by the fund. At that time, the stock price on the NASDAQ was $ 33.95 dollars. Due to the fall in the value of shares amid the crisis, the agreement was extended for another year.
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In March, the price of Yandex shares reached a historic low of $ 14.92, then the shares went up to $ 18.5.
Source: https://habr.com/ru/post/290898/
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