Yandex parent looks to restructure ownership, governance citing ‘geopolitical environment’

Yandex parent looks to restructure ownership, governance citing ‘geopolitical environment’

Courier Yandex in transport. Delivery of products and other goods, online shopping. Russia Moscow 23.03.2022

Natalya Maisheva/iStock Editorial via Getty Images

The parent firm of Russian technology company Yandex (NASDAQ:YNDX) said on Friday that it would look to restructure the group’s ownership and governance, citing the “current geopolitical environment” amid the country’s war with Ukraine.

In a statement, Yandex N.V. (YNDX) said that a special committee had been tasked with exploring a wide range of potential scenarios, including developing international divisions of certain services, such…


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