Analysis of the Financial Features of the Yandex Splitting Deal and Implications for the Russian Market

Abstract

This article reviews the details of the deal to split Yandex into two independent companies: the Dutch Yandex N.V. and the Russian IJSC Yandex. The relevance of the study is provided by the novelty of the transaction type of the splitting of a large company within Russia, the current economic conditions in the world and the fact of conducting the deal at the current time. The restructuring of the company and the financial side of the agreement are described in detail, and attention is paid to the process of securities exchange. The methodology includes collection and aggregation of available information about the transaction based on Russian and foreign media sources and Yandex's official website. The results of the study include the possible implications for the Russian market highlighted by the authors.