Dutch Yandex NV may sell all Russian assets at once, sources told Reuters. The sale of only a controlling stake was previously reported. The company is currently undergoing restructuring and the business division agreement is scheduled to close by the end of 2023.
Yandex NV is considering the option of selling all Russian assets. Three sources told Reuters about this.
It was previously reported that Yandex’s parent company in the Netherlands plans to sell only a controlling stake. Reuters received a refusal from Yandex to comment on the situation.
According to the agency, the deal is scheduled to be completed by the end of 2023. Its value decreased by $170 million after Arkady Volozh made an anti-war statement.
Yandex is currently restructuring its business with Russian and international assets.
Author:
Kirill Bilyk
Source: RB
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