Key Points
The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022..
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...
Often referred to as "Russia's Google", Yandex was one of the few Russian companies with genuine global ambitions before Moscow started its war with Ukraine in February 2022..
Chief companies correspondent for Russia, Alexander covers Russias economy, markets and the country's financial, retail and technology sectors, with a particular focus on the Western corporate exodus from Russia and the domestic players eyeing opportunities as the dust settles..
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Yandex takes step towards Russian approval for restructuring
27, Oct, 23Nasdaq-listed Russian tech company Yandex (YNDX.O) said on Friday it had obtained one of the approvals needed from the Russian government for its planned restructuring, which it hopes to complete by the end of 2023.