2022-11-25 13:43:55

Yandex parent to review ownership of Russian tech giant, seek divestment

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Channel NewsAsia
By Cna

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MOSCOW : Russian internet giant Yandex's Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia.

Yandex N.V. said it had started a strategic process to review options to restructure the group's ownership and governance in light of the current geopolitical environment.

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