Yandex N.V. is considering spinning off the bulk of its business, including a number of foreign destinations, into a separate group of companies that will retain the Yandex brand, the company's press office said. Dutch Yandex N.V. plans to eventually withdraw from the group of companies and change its name. Possibility of transferring the management of the allocated group of companies to Yandex's management is also being considered. Detailed conditions of all possible changes will be disclosed later.