Amsterdam, The Netherlands / Accesswire / 25 November 2022 / Yandex NV, the Dutch parent company of the Yandex Group, today announced that its Board of Directors will begin a strategic process to consider options for restructuring the group’s ownership and governance in the light of the current geopolitical environment, and to pursue a sustainable plan. announced that it aims to ensure a possible development. Long-term success of the Group’s diversified business portfolio.
A special committee of the Board of Directors is responsible for investigating a variety of potential scenarios and procedures, including:
- Development of international sectors of certain services (including self-driving technology, cloud computing, data labeling, and educational technology) independently of Russia.
- Sale of ownership and control of Yandex NV and all other businesses within the Yandex Group, including search and advertising, mobility, e-commerce, food delivery, delivery and entertainment services in Russian and international markets To do. management.
The Board anticipates that the Yandex NV name will eventually be changed, the business sold, and the exclusive right to use the Yandex brand retained.
This process is in the preliminary stages. There can be no assurance that the Board will be successful in identifying and implementing a path to carry out these steps. This includes identifying purchasers of shares in the business being sold. These steps are subject to ongoing analysis and are ultimately subject to shareholder approval. We will update the market as more information becomes available in this regard.
John Boynton, Chairman of the Yandex Board of Directors, commented: Yandex has become one of Europe’s most successful technology companies. “
contact address:
PR for investors
Julia Gerasimova
Phone: +7 495 974-35-38
Email: [email protected]
press office
Ilya Grabowsky
Phone: +7 495 739-70-00
Email: [email protected]
sauce: Yandex NV
