Nov 14 (Reuters) – Tech company Yandex’s (YNDX.O) Dutch holding company is considering selling all its Russian assets in one go rather than just a controlling stake, three people close to the matter told Reuters, as parties race to finalise a deal before the end of the year.
Yandex, which has been working on a corporate restructuring for months, declined to comment.
Dutch holding company Yandex NV’s planned restructuring is aimed at recouping some shareholder funds with the sale of its main revenue-generating Russian businesses, such as its search and ride-hailing operations. It then plans to develop four other business lines internationally.
Often referred to as “Russia’s Google”, Yandex was one of the few Russian companies with genuine…
Read the full article at: https://www.reuters.com/markets/deals/yandex-nv-could-sell-all-russian-assets-one-go-2023-11-14/