Yandex NV shareholders approve sale of Russian assets to investor consortium -March 07, 2024 at 01:30 pm EST

Yandex NV shareholders approve sale of Russian assets to investor consortium -March 07, 2024 at 01:30 pm EST

March 7 (Reuters) – Shareholders of Dutch-registered
Yandex NV approved the sale of “Russia’s Google,” the
country’s most valuable technology asset, to a management-led
consortium of Russian investors, the company said on Thursday.

Yandex last month struck a 475-billion-rouble ($5.27
billion) deal after months of negotiations to sell its assets in
Russia at a heavily discounted price due to Kremlin demands on
foreign asset sales.

(Reporting by Alexander Marrow and…


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