Exhibit 99.1
Yandex Announces Completion of Restructuring of its Taxi Group Assets
Moscow, Amsterdam, December 21, 2021 – Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has completed the previously announced restructuring of the ownership of MLU B.V., its joint venture with Uber (“MLU”).
The restructuring was completed in two stages:
| ● | The acquisition by Yandex of… |
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