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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds Unilever Sept 5 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault RENA
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Yandex NV renamed Nebius Group after Russia split

CORRECTED-Yandex NV renamed Nebius Group after Russia split In paragraph 4, corrects title of Arkady Volozh to executive director MOSCOW, Aug 16 (Reuters) - Yandex NV YNDX.O , the Dutch company that finalised a split from Russian technology giant Yandex last month, has renamed itself Nebius Group after the change received shareholder approval, it said on Friday.
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Russia's Yandex board recommends dividends of 80 rbls/share

BRIEF-Russia's Yandex board recommends dividends of 80 rbls/share Aug 8 (Reuters) - Russia's Yandex YDEX.MM says: Board recommends dividends of 80 roubles ($0.9238) per share. ($1 = 86.6000 roubles) Further company coverage: YNDX.MM Reporting by Reuters
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Adds HSBC, Danone, Hugo Boss, updates Yandex Aug 6 (Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Cap
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Russia's Yandex, under new ownership, proposes dividend for first time

UPDATE 3-Russia's Yandex, under new ownership, proposes dividend for first time Rewrites throughout, adds detail in paragraphs 1, 7-9, 11-12 By Alexander Marrow July 30 (Reuters) - Russian's Yandex YDEX.MM on Tuesday proposed paying dividends for the first time, a shift from the technology firm now under new ownership following a lengthy and complex split from its Nasdaq-listed, Dutch parent company.
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Russia's Yandex, under new ownership, proposes dividends for first time

Russia's Yandex, under new ownership, proposes dividends for first time July 30 (Reuters) - Russian technology company Yandex YDEX.MM on Tuesday said it may start paying dividends for the first time, as it reported a sharp rise in core earnings soon after completing a lengthy and complex split from its Nasdaq-listed, Dutch parent company. A Russian consortium of buyers this month finalised a $5.4 billion cash and shares deal to acquire Yandex's Russia-based assets, which had been held through Na
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Dutch company Yandex NV proposes 50% buyback after Russia split

UPDATE 1-Dutch company Yandex NV proposes 50% buyback after Russia split Adds detail in paragraphs 1 and 4-6 July 18 (Reuters) - Yandex NV (YNV) YNDX.O , the Dutch company now fully separate from Russian technology giant Yandex after a deal to split assets was finalised this week, on Thursday proposed a buyback for up to 50% of its dormant shares on Nasdaq.
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Dutch company Yandex NV proposes 50% buyback after split from Russian tech giant

Dutch company Yandex NV proposes 50% buyback after split from Russian tech giant July 18 (Reuters) - Yandex NV YNDX.O , the Dutch company created through a deal to split the assets of Russian technology giant Yandex, on Thursday proposed a buyback for investors holding its dormant shares on Nasdaq. In an AGM notice, YNV, which is renaming to Nebius Group, asked shareholders to approve a buyback of a maximum of 81,648,455 class A Shares, or 50%, at a purchase price no lower than the nominal value
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Who is Arkady Volozh, former Yandex CEO, and what is his new AI venture?

FACTBOX-Who is Arkady Volozh, former Yandex CEO, and what is his new AI venture? By Alexander Marrow July 16 (Reuters) - After almost two years of negotiations, a deal to split Russian tech giant Yandex's YNDX.O assets was completed this week, with most revenue-generating businesses staying in Russia and former CEO Arkady Volozh returning to lead a new AI-focused group abroad.
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Former Yandex chief Volozh returns with AI infrastructure venture after Russia split

Former Yandex chief Volozh returns with AI infrastructure venture after Russia split By Alexander Marrow July 16 (Reuters) - Freed from its ties to Russia, newly unveiled Dutch firm Nebius hopes to help lead the great drive to build the infrastructure underpinning artificial intelligence, founder Arkady Volozh, who previously set up Russian tech giant Yandex, told Reuters.
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Russian tech firm Yandex's ex-international businesses launch as Nebius Group

Russian tech firm Yandex's ex-international businesses launch as Nebius Group July 16 (Reuters) - The international businesses of Russian technology giant Yandex YNDX.O , spun off in a $5.4-billion deal that was finalised this week, launched on Tuesday as Nebius Group, headquartered in Amsterdam and led by former Yandex CEO Arkady Volozh. Volozh, who co-founded Yandex in the 1990s dotcom boom, spoke to Reuters as he returned to public life following an anti-war outburst that could have derailed
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Updates Macy's July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: ** Macy's M.N scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the department store chain for $6.9 billion, sending its shares down 15%.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Macy's M.N has ended its buyout discussions with Arkhouse Management and Brigade Capital, saying that their raised offer lacked the certainty of financing and did not provide compelling value, sending its shares down 15% in early trading.
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Yandex split finalised as Russian assets sold in $5.4 bln deal

UPDATE 2-Yandex split finalised as Russian assets sold in $5.4 bln deal Yandex NV completes divestment of Russian assets Cash and shares deal valued at around $5.4 bln Retained businesses to come under new Nebius Group Yandex co-founder Volozh to become Nebius CEO, says source Adds bullets, detail in paragraphs 7-8, 10-13, 16-18 By Alexander Marrow July 15 (Reuters) - A deal to split the assets of Russian technology company Yandex YNDX.O was finalised on Monday, with a Russian consortium of inve
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Yandex NV finalises $5.4 bln deal to sell Russian businesses

Yandex NV finalises $5.4 bln deal to sell Russian businesses July 15 (Reuters) - Dutch company Yandex NV YNDX.O on Monday said it had finalised the divestment of its Russia-based technology assets to a consortium of Russian investors in a cash and shares deal worth around $5.4 billion. The split marks the end of foreign ownership in Yandex, often dubbed "Russia's Google", potentially tightening the Kremlin's control of the internet space in Russia, while also finalising the largest corporate exi
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds National Basketball Association, Google and ArcelorMittal July 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1 945 GMT on Wednesday: * * Google-parent Alphabet GOOGL.O has abandoned its plans to buy online marketing software company HubSpot HUBS.N , Bloomberg News reported, citing people familiar with the matter.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Honeywell, Access World, CK Hutchison, North Sea oil, Yandex, BP, Genstar, Advanced Micro Devices; updates Crest July 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Saudi Arabia has raised a total of $12.35 billion from a secondary share sale in Aramco 2223.SE , after the Saudi oil giant exercised an over-allotment option, a document seen by Reuters showed.
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Yandex split nears completion as Russian traders finalise share exchange

Yandex split nears completion as Russian traders finalise share exchange July 10 (Reuters) - Russian traders have finalised a share exchange for investors in Yandex, often dubbed Russia's Google, one of the final steps needed to complete a more than $5 billion deal that will see local investors take control of the bulk of the technology company's business.
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Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says

UPDATE 1-Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says Adds details, context in paragraphs 3-9 July 1 (Reuters) - A Russian consortium leading a buyout of Yandex, often dubbed Russia's Google, from its Dutch parent company Yandex NV YNDX.O said on Monday it has received bids from investors to exchange 43.9 million shares as part of the deal.
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Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says

Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says July 1 (Reuters) - A Russian consortium leading a buyout of Yandex, the company often dubbed Russia's Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9 million shares as part of the deal. Yandex is being bought by a consortium made up of senior Yandex Russian management, a fund controlled by oil major Lukoil LKOH.MM and three other co
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