Yandex shareholders to sell shares worth $600 million

MOSCOW (Reuters) - Russia's most popular search engine Yandex NV said on Tuesday its existing shareholders, including co-founder and CEO Arkady Volozh, will sell about 7.4 percent of the company's shares worth roughly $600 million. Yandex said a total of 24.25 million shares would be offered on Tuesday by BC&B Holdings B.V., which holds shares on behalf of Baring Vostok funds, as well as by Volozh's affiliate, Belka Holdings Ltd, chief technology officer Ilya Segalovich and Emerald Trust. It did not disclose the price of the offering. Based on Monday's closing price of $25. ...

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