Yandex is considering the possibility of transferring control of the group of companies to Russian management. This was said in a statement.
“The possibility of changing the corporate structure is also being considered, in which the management of the spun-off group of companies will be transferred to the management of Yandex,” the message says.
Earlier, the company also announced that the Dutch Yandex NV is considering the possibility of spinning off the bulk of its business, including foreign destinations, into a separate group of companies. It will retain the Yandex brand. In turn, Yandex NV plans to eventually withdraw from the shareholders of this group of companies and change its name.