According to the head of the wealthy client group

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"In this regard, as a general rule, to carry out transactions with securities and shares in the authorized capital of Russian companies, it is necessary to obtain permission from the government commission," Uchitel explains. According to the same principle, for example, the government commission approved the deal of the Dutch Veon to sell the Russian VimpelCom to top management in February 2023. However, the deal itself was completed only in October.

The amount of the deal approved by the commission will be 457.3 billion rubles, one of Vedomosti's sources said. This is 17.7 billion less than the amount announced in early February. At that time, Yandex announced that the amount would be 475 billion rubles.

at Alfa Capital, Alexander belarus whatsapp number database Abramyan, the value of the deal was reduced due to the fact that 3.7% may belong to the top management, which remained in the Russian Yandex and, accordingly, became one of the new co-owners of the Consortium.First mutual fund. 17.7 billion rubles will most likely remain with the owners, and the rest of the amount approved by the government commission will participate in the deal, he admits.

Based on the fact that the volume of securities at 3.7% is quite small, they may indeed belong to one of the Yandex managers, agrees Artem Mikhaylin, leading analyst at the investment company Veles Capital. In connection with the approval received by the commission, it can be said that Yandex is already at the final stage of the reorganization process, although compliance with all procedures will require more than one month, he warns.

The initial estimate of 475 billion rubles was made taking into account a 50% discount, which is applied when foreign companies leave the Russian market, Vedomosti wrote. As stated in the English-language version of the press release on the business section of the Dutch holding, "the total market capitalization of Yandex NV (including businesses that will be sold and international businesses that will be retained) amounted to approximately $10.2 billion (918 billion rubles) based on the weighted average selling price of one Class A share on the Moscow Exchange in the three-month period ending January 31, 2024."

According to one of Vedomosti's sources, it is planned that up to 237 billion rubles will be paid in cash, the rest of the amount may be paid in Yandex NV shares. According to the initially announced terms, it was planned that part of the cost, equivalent to 230 billion rubles, would be paid in yuan. The rest of the amount was planned to be covered by selling 176 million shares of the Dutch Yandex NV