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

company created through a deal to split the assets of Russian

technology giant Yandex ( YNDX ), on Thursday proposed a buyback for

investors holding its dormant shares on Nasdaq.

In an AGM notice, YNV, which is renaming to Nebius Group,

asked shareholders to approve a buyback of a maximum of

81,648,455 class A Shares, or 50%, 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 Yandex NV ( YNDX ) , the largest corporate exit since

Russia's invasion of Ukraine in February 2022, albeit at a hefty

discount.

(Reporting by Alexander Marrow

Editing by David Goodman

)