Yandex shares jumped, in Friday’s trading, by more than 11%, 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 share index rose by 8.69% to 2,222.80 rubles, and before that the share rose by 11.74%, according to the Moscow Stock Exchange data showed.
The stock rose after a Bloomberg report that Yandex had received an offer from Russian businessmen Vladimir Potanin and Waheed 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 the final decision may be made at a later time.
In terms of trading on the Moscow Stock Exchange as a whole, its ruble-denominated MICEX index declined by 0.04% to 2,632.20 points, in contrast to the dollar-denominated RTS index, which rose by 0.20% to 1,035.12 points.
This article was originally published by RT.
