"Yandex" is leaving the Russian market
Author - Mansur Ismagulov
The Tech AI
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After the restructuring, Yandex will remain a private and independent company. The business is being sold for 475 billion rubles, and the Dutch Yandex N.V. will change its name and cease using the brands by July 31, 2024. The new parent organization will be JSC "YANDEX," whose shares will be traded on the Moscow Exchange. Artem Savinovsky remains the CEO, and the development of services in Kazakhstan will continue unchanged.
Yandex will remain a private and independent company after restructuring, which involves selling its business for 475 billion Russian rubles.
The Dutch company Yandex N.V. will change its name by July 31, 2024, and cease using Yandex brands.
The new parent company will be the International Joint Stock Company "YANDEX," whose shares will be traded on the Moscow Exchange.
Artem Savinovsky will remain the CEO of Yandex, and the company will continue to develop its services in Kazakhstan without affecting operations in the country.
Source: digitalbusiness
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