bne_newspaper_April_26_2019

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Content:
2 Top Stories
5 The Regions This Week 9 Chart
10 bne Invest
13 Central Europe 14 Southeast Europe 15 Eastern Europe 17 Eurasia
18 Opinion
23 bne Tech
April 26, 2019 www.intellinews.com
Russian fast food operator Burger Rus plans IPO
bne IntelliNews
Burger Rus, the Russian operation of the Burger King fast food chain, could hold an IPO on the Moscow Exchange this year, Reuters reported
on April 22 citing unnamed banking sources. Reportedly, VTB Capital together with Morgan Stanley and JP Morgan will be organising the IPO.
Net profit of Russia’s internet major Yandex jumps 49% in 1Q19
bne IntelliNews
Russia’s most valuable digital company Yandex reported a 49% US GAAP net profit jump in the first quarter of 2019 to RUB6.2bn ($95.5mn), the company said on April 25 upon releasing unaudited results.
Burger Rus operates 550 Burger King restaurants in Russia.
While not a single IPO or SPO was seen in 2018, since the start of this year a number
of companies have announced deals including Polyus Gold, which raised $390mn from
a placement and rail operator RusTransCom that announced IPO plans, among others.
See page 2
Revenues were up by 40% (45% excluding Yandex.Market platform) thanks to 26% growth in the search segment and a 145% increase in taxi revenue. Adjusted Ebitda was up 40% (37%
See page 4