Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The BOD were previously hopeful of a sale in December. It's now February, so if nothing has changed it's highly likely to close in Q1.
However, if something has changed then the BOD should update. Fingers crossed for a very good RNS soon.
Why I'm interviewing Vladimir Putin.
https://x.com/TuckerCarlson/status/1754939251257475555?s=20
The buyers will have an idea on what the assets are worth and the BOD will seek to obtain that value as close to it they can.
SP at 1.75 multiple times lower, so Yandex is proof big deals can happen. It does not mean EUA will not achieve fair value. That's up to the BOD and buyers.
Offler,
Why quote 2021 valuation? Market value before deal was around 10b.
BTW, not looking to good for Zelensky. Internal conflicts, losing ground in Adevka and no US funding. The end of the war is closer than you think.
Kremlin believes Yandex continuing its activities in Russia is important
Dmitry Peskov stressed that commercial transactions, such as the division of Yandex assets, are not subject to approval by the head of state's administration
And minority investments in other technology businesses," the statement said.
The closing of the transaction for the sale of the Yandex business will be implemented in two closings, the first one - in the first half of 2024, the second - seven weeks after. Payment for the transaction will take place in yuan.
"The sale transaction will be implemented in two closings. At the first closing, [Yandex N.V.] will sell a controlling stake in the Target of approximately 68% to the Purchaser for consideration consisting of a combination of the cash equivalent of RUB 230 billion and up to 67.8 million YNV Class A shares. The first closing is subject to certain conditions precedent, including receipt of required regulatory approvals and our shareholder approval, as well as the absence of any applicable sanctions or prohibition on completion. We anticipate that the first closing will occur in the first half of 2024. At the second closing, the Purchaser will pay for the remaining stake of the Target in a combination of YNV Class A shares and cash. The second closing will occur within approximately seven weeks following first closing," the statement said.
On November 25, 2022, Yandex announced the possible division of the main part of the business into a separate group of companies. At the end of May 2023, it was reported that Yandex had received applications from potential investors to purchase various stakes in the company. On December 26, 2023, Yandex registered an international company in a special administrative region on Ok
5 FEB, 08:59
Yandex N.V. sells Yandex to consortium of private investors for $5.22 bln
According to the decision, Yandex N.V. will cease to be the parent company of the group and will change its name and stop using Yandex brands by July 31, 2024
MOSCOW, February 5. /TASS/. Yandex N.V. announced the sale of its Yandex business to a consortium of private investors for 475 bln rubles ($5.22 bln), the company said in a statement.
"Yandex N.V., the Dutch parent company of the Yandex group, today announces that it has entered into a definitive agreement with a purchaser consortium to sell all of the Yandex group's businesses in Russia and certain international markets. The total consideration for the sale will be RUB 475 billion, subject to adjustments and payable in a combination of cash and Class A shares of YNV. At least 50% of the consideration will be paid in cash," the statement said.
According to the decision, Yandex N.V. will cease to be the parent company of the group and will change its name and stop using Yandex brands by July 31, 2024.
IJSC Yandex, registered at the end of 2023 in Kaliningrad, is set to become the new parent company of Yandex. "Under the terms of the proposed transaction, Yandex N.V. will sell its entire interest in IJSC Yandex, an international joint stock company incorporated in Russia that will hold all of Yandex's assets and operations in Russia and certain international markets," the statement said.
Consortium.First, a newly formed closed-end mutual investment combined fund managed by Solid Management, led by members of the senior management team, will be the main owner of IJSC Yandex.
The four investors include a special purpose joint stock company Infinity Management owned by Alexander Chachava, a special purpose joint stock company IT.Elaboration owned by Pavel Prass, a closed-end mutual investment combined fund owned by PJSC Lukoil, and a special purpose limited liability company owned by Alexander Ryazanov.
The statement stressed that "none of the members will have a controlling stake in the Purchaser consortium." "None of the members of the Purchaser Consortium is a target of, or owned or controlled by a target of, sanctions in the US, EU, UK, or Switzerland," the statement added.
Yandex will retain the businesses, services, and assets of the Yandex N.V. group. with the exception of foreign startups and a data center in Finland. "Following completion of the sale transaction, Yandex N.V. will retain a portfolio of international businesses and other non-Russian assets, including four early-stage technology businesses and other assets: Nebius AI, an AI cloud platform that is one of the largest providers of GPU capacity in Europe; Toloka AI, a data solutions partner for GenAI and Large Language Model development; Avride, one of the leading developers of self-driving technologies; TripleTen, an EdTech service that equips people with in-demand tech skills; our data center located in Finland; a
Just as well we are in talks with a Hong kong BRICS buyer
https://youtu.be/aTfwqvNuk44?si=VrnMTEKKKvvGK4BH
It's over. 50b that the EU is to give is mostly loans over 4 years and no cash for weapons. Add on no weapons from the US, it's just a matter of months.
I bet talks are taking place right now for a peace agreement. The US is busy in the middle east now and can't deal with the distraction of Ukraine. It has achieved it's goal of keeping Europe under its wing.
Zelensky wants Zaluzhny ousted for alleged ceasefire-related secret talks with West- Seymour Hersh
Volodymyr Zelensky wants to remove Commander-in-Chief Valery Zaluzhny from his post over his alleged involvement in secret talks with Western officials about pursuing a ceasefire with Russia, US investigative journalist Seymour Hersh reported.
"Zelensky's desire to fire his commanding general is the result, some Americans believe, of his knowledge that Zaluzhny has continued to participate - whether directly or through aides is not known - in secret talks since last fall with American and other Western officials on how best to achieve a cease-fire and negotiate an end to the war with Russia," Hersh said.
The New York Times, citing sources, reported Tuesday that Kiev postponed Zaluzhny's dismissal because of a leak about his possible resignation.
The head of the Ukrainian military intelligence service, Kyrillo Budanov, and the commander of the Ukrainian ground forces, Oleksandr Syrsky, were named as possible successors.
I think not only the BOD but the whole world knows that things have changed, now that Trump is back. War will soon be over;
Republicans may slow down the allocation of money to Ukraine until the US elections.
According to Punchbowl News, Senate Republican leader Mitch McConnell told fellow party members that βthe policy on this issue has changed,β and Trump wants to campaign on immigration.
"We're in a quandary," McConnell said, expressing doubts that Senate Republicans should move forward with a deal with Democrats that would unblock aid to Ukraine.
McConnell read a quote from Trump criticizing proposed changes to border and immigration policies, called Trump a "nominee," and said, "We don't want you to do anything that would hurt his (chances)."
"This could be the end of getting significant funding for Ukraine through Congress. McConnell is as strong a supporter of Ukraine as anyone in Congress, but opposition is growing within the Republican Party. It will only intensify as Trump's chances of becoming the Republican nominee will grow,β comments co-founder of the Punchbowl News portal John Bresnahan.