Yandex to Offer Investors Choice of Russia or Foreign Assets (1)

Investors in Yandex NV will get to choose whether to keep a stake in the company’s profitable Russian business, take cash or receive a share of its international startups as the company attempts to split its assets, according to people familiar with the matter.

Dutch-registered Yandex plans to offer Russian investors an opportunity to swap their holdings for a stake in the Russian unit if it agrees to a deal to sell a majority stake in that business, the people said, asking not to be identified because the information is not public. It is also considering offering several options for ...