Why Yandex Needs Reorganization

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“It is proposed to focus on market valuations,” he says.

"According to our information, no offers have been received [by Vladimir Lisin]," a representative of NLMK told RBK. "The information does not correspond to reality, the possibility was not even considered," a representative of Uralsib (from 2015 until his death in 2019, it was owned by Vladimir Kogan, and now by his heirs) told RBK. A representative of Acron said that he "knows nothing about such an offer to [the company's founder] Vyacheslav Kantor." Leonid Fedun said that he had not received such an offer.

"There are various proposals for Yandex, but so far they are very superficial," a source close to one of the businessmen on the list told RBK. An RBK source close to another businessman said that Yandex is putting together a consortium of buyers and "the list of candidates was more or less clear about a month ago, but the details are still being discussed." According to his information, "Potanin is interested in economic control, but the management was afraid that through him he would be able to influence decision-making." A source at Interros confirmed that such negotiations were underway, but did not provide details, saying that there was nothing to comment on the results of the negotiations.

Representatives of Interros and Renova declined to comment. Representatives of Kesaev, Mordashov and Bakalchuk also responded. A source of RBC close to Bakalchuk said that there were no negotiations with her and she does not know about the composition of the long list. RBC sent inquiries to Leonid Boguslavsky, Sergey Galitsky, Suleiman Kerimov, representatives of Rashnikov, Guryev, Pumpyansky, NOVATEK and Kievskaya Ploshad. It was not possible to contact Alekperov, Popov and Abramov or their representatives.

Are there any alternatives?

An alternative option usa mobile number database for Yandex's reorganization does not include selling 51% of its Russian subsidiary, says an RBC source. In this case, according to him, Yandex NV will transfer the rights to manage the Russian business and vote shares to the fund of managers, and the Dutch company will receive licenses to develop four projects abroad and a cash payment of up to $400 million.

The decision on the reorganization scheme should be made in the spring, and the process itself is expected to be completed by the fall, the RBC source noted.

Another source close to Yandex told RBC that "there are more than two schemes, but some of them are no longer relevant," without specifying details. According to him, the final version of the reorganization could appear by May, and the deal will take place before the end of this year.



The issue of Yandex reorganization has been discussed since the beginning of the special military operation. In late November, the company officially confirmed that the board of directors of Yandex NV began studying the possibility of changing the ownership and management structure of the company "in light of the current geopolitical situation."

Among the scenarios considered was the creation of international divisions for several services, including unmanned and cloud technologies, a data tagging platform, and educational services. It was assumed that Yandex NV would exit the shareholder structure of other Yandex businesses, including search, advertising segments, e-commerce, logistics, food delivery, entertainment services, taxis, car sharing, etc., both in Russia and abroad, and that individual elements of management of the listed areas would be transferred to management. The latter would retain the right to use the Yandex brand, and Yandex NV would subsequently be renamed.