July 18 (Reuters) - Yandex NV ( YNDX ) , the Dutch

company now fully separate from Russian technology giant Yandex ( YNDX )

after a deal to split assets was finalised this week, on

Thursday proposed a buyback for up to 50% of its dormant shares

on Nasdaq.

YNV, which is renaming to Nebius Group, asked in an AGM

notice for shareholders to approve a buyback of a maximum of

81,648,455 class A Shares at a purchase price no lower than the

nominal value of the shares and no higher than $10.50 per share.

A Russian consortium of buyers on Monday finalised a $5.4

billion cash and shares deal to acquire Yandex's ( YNDX ) Russia-based

assets, which had been held through Nasdaq-listed Dutch parent

YNV, the largest corporate exit since Russia's invasion of

Ukraine in February 2022, albeit at a hefty discount.

YNV said in February that it wanted to return to

shareholders a substantial proportion of proceeds from the sale

of its Russia-based businesses. On Thursday it said it would

determine the timing and terms of any potential offer in due

course.

Trading in the company's shares on Nasdaq has been suspended

for more than two years. Other Russian companies were delisted

from the exchange, but YNV retained its listing, based on the

provision that it was divesting from Russia.

With the split complete, YNV hopes trading in the

Nasdaq-listed shares can resume in the coming months.