Shares “Yandex” on the Moscow Exchange rose to 5653.2 rubles per piece. The cost of securities has updated the historical maximum. The previous record was recorded in September 2020.
As of 11:12 MSK, the “Yandex” shares cost 5606 rubles. The company rose to the eighth place in Russia in terms of market capitalization (this indicator reached 1.815 trillion rubles).
Earlier it was reported that Yandex will completely buy a share of Uber in Yandex.eda, “Lavek” and in a unmanned unit. The cost of the transaction will be one billion dollars. As a result, Yandex will be the owner of 100 percent of the shares in these services.
The company expects to accelerate the pace of business development in the e-commerce market and food due to closer integration of services and simplify management processes. Uber and Yandex after the transaction will continue to develop together in the framework of Yandex.Taxi Mobility Services – Taxi, Crachhering and Scooters.