The Tiger Global Management investment fund of the USA left the capital of "Yandex"

The Tiger Global Management investment fund completely left the capital of "Yandex"


The investment fund from the USA of Tiger Global Management completely left the capital of "Yandex". The quarterly report of the American company testifies to it.

Papers were sold during the period since December 31, 2012 when Tiger owned 15,3 million actions of the Russian Internet company (5,5% of all stocks issued by the Internet company), on May 15, 2013, the Vedomosti newspaper writes. For the end of 2013 the package remaining with Tiger cost 329,6 mln. dollars. The source close to "Yandex" reported that papers were sold in March, 2013.

Tiger Global Management acquired shares of the Internet company in 2006. Tiger was one of initiators of placement of shares of "Yandex" at the exchange in 2008, but then IPO did not take place because of crisis. In 2011 at IPO on NASDAQ Tiger acted as one of the main sellers and realized about 4% of shares of the company, having earned 187 mln. dollars.

"Yandex" founded in 1997 is now one of the largest Russian IT companies. Dutch Yandex N. V. 100% of Russian "Yandex" own. The main shareholders – the general director Arkady Volozh, group of Baring Vostok funds, managers of the company and institutional investors. Capitalization on NASDAQ on Tuesday, May 6, made about 8,76 bln. dollars.

According to reports of the company for the IV quarter 2013 on US GAAP, the net profit for the specified period made 3,3 billion rubles, having increased in comparison with a similar indicator for the IV quarter 2012 by 24%.



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 No. of 16.05.14