Dutch company Yandex NV proposes 50% buyback after split from Russian tech giant

Reuters
2024.07.18 09:14
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Dutch company Yandex NV proposes a 50% buyback for its dormant shares on Nasdaq. The buyback is part of the company's split from Russian tech giant Yandex and is subject to shareholder approval. A Russian consortium recently acquired Yandex's Russia-based assets for $5.4 billion in a cash and shares deal.