One of the oldest shareholders “Yandex” - fund Tiger - sold all shares of the company

Cost of sold package could reach $ 19 million

U.S. investment fund Tiger Global Management completely out of the capital of the Russian Internet company[[t:tag slug=kompaniya]company “Yandex”, follows from the quarterly report Tiger Global Management.

Shares “Yandex” increased by 8.6% during trading on the NASDAQ

At the end of 2013 the fund was the holder of 631 thousand shares “Yandex”, which is about 0.2% of total shares.

The report at the end of the first quarter of 2014 shares “Yandex” no. Based on the current value of the shares of Internet companies on the NASDAQ, sold price package could reach $ 19 million

Tiger Global Management was one of the largest shareholders of Yandex. On the eve of IPO Yandex on NASDAQ in 2011, the Fund owned a 20.5% stake. The portfolio remains Tiger shares the Russian payment system Qiwi - 850 thousand shares (approximately 1.6% of the total).

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