Yandex gets oligarch backing for growth push

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By Sam Kerr
24 Jun 2020

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.

Goldman Sachs acted as the sole adviser on the placing.

As part of an $800m share sale, Yandex sold $200m of shares to US investors and placed $600m of shares in a private placing to VTB Capital, Chelsea football club owner Roman Abramovich  and Treliscope Ltd, ...

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