[HIGHLIGHTS] The management structure will become the largest shareholder of Yandex

The management structure will become the largest shareholder of Yandex. The exception will be foreign startups Avride, Toloka, Nebius and TripleTen.

As a result of the deal, they can be developed everywhere except Russia and Belarus. By July 31 it will change its name and stop using YandEX brands. YandEx NV will cease to be the parent company of the group, and by July 31, it will stop using the Y andex brands. The deal is worth 475 billion rubles to private investors.