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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Monday, February 6, the Dutch company Yandex N.V., "serif">company parent of Yandex, a Russian gem of new technologies, has announced the sale of all its activities in Russia to a consortium of private
investors.Yandex N.V. said in a statement that it had reached “a final agreement (...) to sell all Yandex Group activities in Russia and on certain markets. international”. Yandex is the main search engine in Russia, but it is also a dominant player in taxi and delivery services in a large part of the Russian-speaking world. It is a company based in the Netherlands. The transaction amount is 475 billion rubles (around 4.8 billion euros at the current rate). The buyer is the investment fund “Consortium. According to the oil company, “once the transaction is completed, the Loukoil Group's stake in Yandex will be
around 10%.”
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