(Reuters) – Russian internet firm Yandex on Thursday reported annual revenues above 1 trillion roubles ($11.22 billion) for the first time, in a year when the business underwent a significant restructuring. A Russian consortium of buyers in July finalised a $5.4 billion cash and shares deal to acquire Yandex’s Russia-based assets, which had been held through Yandex’s Nasdaq-listed Dutch parent, the largest corporate exit since Russia’s invasion of Ukraine in February 2022, albeit at a hefty discount.
($1 = 89.1000 roubles)
(Reporting by Gleb Stolyarov and Alexander Marrow; Editing by Christian Schmollinger)
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