Yandex declined to comment on details of how the restructuring process is proceeding, Reuters reports.

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Reuters sources said. The company had previously expected to submit the issue to shareholders for consideration by the end of 2023.

The completion of the Yandex restructuring deal may be postponed until early 2024, Reuters reports, citing three sources. The restructuring was initially planned for December. finland whatsapp number database The RBC source also reported that negotiations will likely continue as early as 2024.


Dutch Yandex NV, the parent company of the Yandex Group, has been discussing various reorganization options since 2022. According to Reuters, the holding is trying to ensure that some of its subsidiaries retain access to Western markets despite sanctions against Moscow due to the military operation in Ukraine.

In a July report, Yandex NV said the company planned to submit a restructuring proposal to shareholders before the end of 2023. In October, the holding company said it had received approval for it from Russia's government commission for control over foreign investment.

One of the people said the company had made "great progress" in the restructuring process and had handed over the documents to lawyers, but it was unclear whether the work would be completed in December. Another said the holding was now aiming to complete the deal in the first quarter, and the third quarter "in early 2024."

Yandex NV is seeking to reimburse shareholders for part of the funds by selling the holding's main Russian enterprises, such as the search engine and taxi aggregator, Reuters notes. Other projects are planned to be developed internationally. In November, the agency wrote that the company was considering the option of selling all Russian assets, not just a controlling stake, at one time. Yandex did not comment on this.

On December 25, the Central Bank registered issues of ordinary and preferred shares of types A and B of the international joint-stock company Yandex. The company reported that this happened as part of the preparation for the restructuring process. On the news, Yandex shares rose by 5%.