Bloomberg said the group of buyers included a fund linked to PJSC LUKOIL and businessmen not subject to sanctions.
Yandex NV’s parent company has reached a deal worth about $5.2 billion. on the sale of its Russian business, including the most popular search engine in Russia. Bloomberg news agency reported this on Monday, February 5, citing a statement from the company.
Investors will be given particles in PJSC Yandex International, which at the end of last year was registered in Russia’s Kaliningrad Special Economic Zone. The total value of the transaction will be 475 billion rubles, subject to adjustments, and will be paid in cash and class A shares of the parent company.
More on the Guide Yandexthe group of buyers included a fund linked to the oil giant PJSC LUKOIL, and several unsanctioned businessmen.
Negotiations to end the cooperation continued for more than a year. They paved the way for the parent company Yandex, registered in the Netherlands, to develop several projects abroad.
According to the publication, Yandex, which also owns a popular ride-hailing app and e-commerce platform in Russia, has come under intense pressure following Russia’s widespread invasion of Ukraine.
It should be noted that the Tagansky Court of Moscow considered Google “guilty of an administrative offense”: refusing to remove the real facts about Russia’s war against Ukraine. Google LLC was sentenced to an administrative fine of four million rubles.
Source: korrespondent
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