The Government Commission for Control of Foreign Investments in Russia approved the acquisition by a Russian group of investors of 96,3% of the shares of the Yandex company from the Dutch Yandex NV. The remaining 3,7% of the securities already belonged to the Russian Yandex. Yandex NV announced that it had agreed to sell its Russian business in early February. According to the terms of the deal, the new owner of Yandex will be the international company Yandex Joint Stock Company, which will receive 99,999% of the share of Yandex LLC. The remaining 0,001% will be received by the Public Interest Fund. MCAO was registered in December 2023 on Oktyabrsky Island in the Kaliningrad Region.
Source: 3dnews.ru