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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… Source link

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