Shares of Yandex has updated the historical maximum, rising 3.1% to 3450 rubles apiece in early trading on the “Moscow stock exchange”. The reason was the news about raising $ 400 million, more than double the previously planned level.
during the accelerated placement of shares of a Russian company could sell 8 million new class A shares at a price of 49.25 dollar for the security. The amount of attracted funds amounted to $ 400 million.
Previously, through an accelerated placement of shares was planned to raise $ 200 million, but only in the framework of attracting additional funds Yandex is expected to sell new shares worth $ 800 million. Now the company intends to attract $ 1 billion from the sale of new shares.
Investment is being attracted “to Finance further business growth and strategic initiatives, including e-Commerce.” Before Yandex and Sberbank announced that it was ceasing cooperation on its joint ventures.
Just the division of assets, Yandex will spend about $ 570 million. Share in “Yandex.Market” Russian search engine would be to buy the savings Bank for 42 billion rubles. Sberbank will buy the partner’s share in “Yandex.Money” for 2.4 billion rubles and will become the sole owner of the service.
Thus, Yandex on results of redemption of shares and sale of shares to increase the cache for about $430 million Transaction with Sberbank is scheduled for completion in the third quarter after approval by the Federal Antimonopoly service of Russia.
Earlier, the share prices of Russian it companies went up sharply on Russian and foreign exchanges. Reason — made in the statement by President Vladimir Putin’s proposal to significantly reduce the tax burden on the industry.
So, the share of “Yandex” has reached its previous historical maximum on the Moscow exchange — 3376 rublesshe apiece. More significantly expensive paper Mail.Ru Group on the London stock exchange by 10%. Global Depository receipts of the Russian Qiwi payment service is also expensive — by 1.69%.
Vladimir Putin proposed tax maneuver in the it field, substantially lowering premiums for working in the industry — companies from 14 to 7.6%. For high-tech companies, forced to compete for valuable employees with the Western it giants, the taxes on payroll are one of the main items of expenditure. The President proposed to make this change is indefinite. In addition, more than six times from 20 to 3% — and also permanently will be reduced for Russian it-companies income tax.