Yandex NV (YNDX) has released an update.
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Yandex N.V. is advancing in its strategic move to divest its Russian and select international operations, with all regulatory approvals in place and shareholder consent secured. The sale, totaling RUB 475 billion, is anticipated to close in phases, with the initial deadline extended to April 30, 2024. This marks a significant reshaping of Yandex, as it transitions its assets to a new entity listed on the Moscow Exchange.
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