Previous close | 18.94 |
Open | 0.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 18.94 - 18.94 |
52-week range | 18.94 - 18.94 |
Volume | |
Avg. volume | 0 |
Market cap | 6.797B |
Beta (5Y monthly) | 0.89 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market awaiting news on a much anticipated corporate spin-off. Yandex's Nasdaq-listed and Dutch-registered parent, Yandex NV, in February struck a $5.2-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's search and portal business and entertainment services were also among the business lines to contribute to the revenue rise, Yandex said.
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 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