Yandex has completed the registration process in the Russian offshore. MCAO “Yandex” received registration in the Special Administrative Region on Oktyabrsky Island in the Kaliningrad Region.
The international joint-stock company “Yandex” received registration on Oktyabrsky Island in the Kaliningrad region. An entry about this appeared in the register of the Special Administrative Region.
The creation of a new legal entity is a necessary procedure to optimize the structure of legal entities, Yandex told RBC.
Reuters, citing sources, reported that the completion of Yandex’s restructuring process has been moved to the first quarter of 2024.
On December 25, the Bank of Russia registered issuances of MKAO Yandex shares. The issuance of securities is part of the preparation for restructuring; This is standard practice when creating a corporation.
Author:
Kirill Bilyk
Source: RB
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