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June 30 (Reuters) – Internet company Yandex YNDX.O on Friday said it was making changes to its financial team in preparation for a potential corporate restructuring that should see it divest ownership and control of core, Russia-based businesses.
Sources told Reuters last month that shareholders in Yandex’s holding company, many of whom are Western investment funds, could be in line to make $7 billion from a full divestment of its Russian businesses.
“In this capacity (Demyashkevich) will advise the board on financial matters and report directly to the Chairman John Boynton,” Yandex said in a statement.
Alexander Balakhnin, head of Strategy of Yandex’s e-commerce, mobility and delivery business, would be …
Read the full article at: https://www.nasdaq.com/articles/yandex-makes-changes-to-financial-team-ahead-of-corporate-restructuring