Yandex Parent To Review Ownership of Russian Tech Giant, Seek Divestment

Yandex Parent To Review Ownership of Russian Tech Giant, Seek Divestment

Russian internet giant Yandex’s Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia. From a report: Yandex N.V. said it had started a “strategic process to review options to restructure the group’s ownership and governance in light of the current geopolitical environment.”

“As part of the intended restructuring of the group, the…


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