Oct 2 (Reuters) - Nebius Group, which emerged from a

split of the assets of Russian tech giant Yandex, has hired

Goldman Sachs ( GS ) as a financial and strategic adviser as it talks

to Nasdaq about resuming trade in its shares, the

Amsterdam-based firm said on Wednesday.

A Russian consortium in July finalised a $5.4 billion deal

to buy Yandex's Russia-based assets in a move that hived off

foreign assets in the largest corporate exit since Russia's

invasion of Ukraine in February 2022, albeit at a big discount.

Freed from its ties to Russia, Nebius plans to join a drive

to build infrastructure underpinning artificial intelligence,

founder and CEO Arkady Volozh told Reuters in July. Nebius plans

to invest more than $1 billion by mid-2025.

"We have a strong cash position of over $2 billion and are

already investing in building out our network of GPU clusters,"

Volozh said in a statement.

"With additional resources, we believe we could do this even

faster and on a larger scale, enabling us to further capitalise

on substantial growth in demand from AI builders globally."

Nebius said it was discussing with Nasdaq on the best timing

to reinstate trading of its Class A shares, to ensure the smooth

resumption of trading.

"We will keep the market updated," Nebius said.