U.S. fund repurchases Yandex’s shares for $ 390M

According to the fund’s post on the website of the U.S. SEC, the share in Dutch company Yandex (which owns the Russian Yandex) increased to 16.8M Class A Shares. Most of the stake – 15M shares (4.6% of the total number) - belongs to the fund’s subsidary - Oppenheimer Developing Markets Fund.
American Foundation has been actively buying Yandex shares. OppenheimerFunds is a known group of U.S. investment funds. It was founded in 1960 and includes 65 funds. In Russia, OppenheimerFunds is a minority shareholder of Magnit.
The largest shareholder of Yandex is a group of investment funds Barring Vostok, its cost share is 20.5%, voting - 32%. The share of the general director and founder of Yandex Arkady Volozh in economic terms is 12.3%, in the voting - 22%.
Tiger Global group of funds owns 16.2% and 2.9% respectively. The technical director of Yandex Ilya Segalovich has 4% voting share. Morgan Stanley’s economic share is 4.7%, the U.S. investment fund Thornburg Investment Management has 3,6% economic share.
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