Yandex NV shareholders approve sale of Russian assets to investor consortium-February 2024-www.financetom.com

Yandex NV shareholders approve sale of Russian assets to investor consortium

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Yandex NV shareholders approve sale of Russian assets to investor consortium

Mar 7, 2024 10:56 AM

March 7 (Reuters) - Shareholders of Dutch-registered

Yandex NV approved the sale of "Russia's Google," the

country's most valuable technology asset, to a management-led

consortium of Russian investors, the company said on Thursday.

Yandex ( YNDX ) last month struck a 475-billion-rouble ($5.27

billion) deal after months of negotiations to sell its assets in

Russia at a heavily discounted price due to Kremlin demands on

foreign asset sales.

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