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UPDATE 2: Yandex quotes plunge over 18% on foreign cap bill, data leak

(Updates quotes in headline, last paragraph, adds paragraph three)

MOSCOW, Oct 11 (PRIME) -- Common shares of Internet company Yandex lost 18.56% to 1,895.2 rubles as of 5.27 p.m. Moscow time due to a bill to limit foreign capital in significant information resources to 20% and a leak of personal data of its service, Yandex.Money, Freedom Finance analyst Yevgeny Mironyuk told PRIME on Friday.

УMarket players also assess negatively a projected bill on significant resources limiting influence of foreigners in companies. It will mainly affect Yandex and Mail.ru,Ф he said.

The companyТs quotes were also hit by a decision of its unit, ride-hailing service Yandex.Taxi to file a new application to the Federal Antimonopoly Service for the purchase of group of companies VezyotТs assets with additional items on the list. The previous application was revoked prior to any decision of the authority.

YandexТs receipts on the Nasdaq nosedived 17.01% to U.S. $29.51 as of 5.46 p.m. Moscow time.

(64.7416 rubles Ц U.S. $1)

End

11.10.2019 18:05
 
 
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