Yandex shares surge following acquisition offer from investors

Yandex shares jumped more than 11% in Friday trading after the company that runs the Russian search engine Yandex received an offer from two Russian businessmen.

And by 14:30 Moscow time, the Yandex stock index rose by 8.69% to 2222.80 rubles, and before that the share rose by 11.74%, according to the Moscow Exchange.

Shares rose after Bloomberg reported that Yandex received an offer from Russian businessmen Vladimir Potanin and Vakhid Alekperov to buy a controlling stake in the company (at least 51%).

Yandex indicated that its board of directors will discuss the proposal next week, but a final decision could be made later.

As a result of trading on the Moscow Exchange as a whole, the MICEX ruble index fell by 0.04% to 2632.20 points, in contrast to the RTS dollar index, which rose by 0.20% to 1035.12 points.

Source: RT + RBC

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