Baring Vostok Pockets $327M From Yandex Stake Sale | Business | The Moscow Times:
"Private equity company Baring Vostok has made a huge profit after selling off a 3 percent stake in Yandex, a move that reflects a growing trend among the search engine's shareholders.
A notification sent to the Securities and Exchange Commission showed that the sale — worth $327 million to Baring Vostok — took place around Aug. 29, Vedomosti reported Tuesday.
The sale was managed by BC&B Holdings, a company that holds shares on behalf of funds advised by Baring Vostok.
Baring Vostok, Yandex's longest standing shareholder, has steadily reduced its stake in the Internet company from 16 percent on Dec. 31, 2012, to about 7 percent after the latest sale."
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