Yandex gets oligarch backing for growth push

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Yandex gets oligarch backing for growth push

Sam Kerr
June 24, 2020 03:15 PM
Roman_Abramovich_PA_June_575x375
MOSCOW, RUSSIA - MAY 25, 2018: Businessman Roman Abramovich at the Moscow premiere of the solo show "The Encounter" directed by McBurney of the Theatre de Complicite and based on Petru Popescu's novel "The Encounter: Amazon Beaming", at the Pyotr Fomenko Workshop Theater; the event is part of the 2018 Chereshnevy Les Open Arts Festival. Anton Novoderezhkin/TASS | Anton Novoderezhkin/Tass/PA Images

Yandex, the Russian internet company, has raised $800m through a sale of new shares to US investors and a private placement to a consortium of Russian oligarchs and VTB Bank.

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