Yandex gains almost 6% as govt offer to raise foreign cash limit

MOSCOW, Oct 21 (PRIME) – The common shares of Internet company Yandex have risen almost 6% on the Moscow Exchange on the news that the government has suggested raising the limit for foreign participation in significant local Internet resources to 50% minus one voting share instead of 20% proposed previously, PRIME reported on Monday.

The stock gained 5.62% to 2,042.60 rubles as of 10.14 a.m. Moscow time.

(63.9542 rubles – U.S. $1)

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