Yandex to Buy Headquarters to Reduce Dollar-Linked Rent Expenses

  • Company will pay for complex by issuing debt and equity
  • Deal will add 600 basis points to Ebitda margin, company says

Yandex NV agreed to buy its Moscow headquarters after surging rent payments that are linked to the U.S. dollar curbed profits as the local currency lost half of its value in the last two years.

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