Shareholders approved the accession of Yandex subsidiaries to the Dutch parent structure. We are talking about four companies, including managers of Yandex.Taxi and entertainment services. Yandex said that in this way the company wants to simplify the corporate structure.
Shareholders of “Yandex” approved at the shareholders’ meeting the accession of subsidiaries to the parent structure, registered in the Netherlands. The US Securities and Exchange Commission received notice of this on June 30.
Shareholders voted for four companies to join Yandex NV: Media Services BV (entertainment services, including Kinopoisk), Foodtech & Delivery Ops BV (Yandex.Food), MLU BV (Yandex.Taxi), Yandex.Classifieds Holding BV
Yandex previously said that the addition of subsidiaries would simplify the company’s corporate structure.
Also, Yandex shareholders approved the extension of the powers for four years of a member of the board of directors Alexei Yakovitsky, former head of VTB Capital.
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