Yandex N.V. may transfer the management of its Russian business to a management fund, including the right to vote a controlling stake, but not the papers themselves, reflecting the economic interest, sources told RBC. In exchange, the company wants $300-400 million and licenses to develop four projects abroad: drones, cloud technology, Yandex.Practicum and Toloka. In the future, 51% of Yandex's Russian legal entity may be sold to investors, while 49% will be retained by Yandex N.V.
Yandex N.V. may transfer the management of its Russian business to a management fund, including the right to vote a controlling stake, but not the papers themselves, reflecting the economic interest, sources told RBC. In exchange, the company wants $300-400 million and licenses to develop four projects abroad: drones, cloud technology, Yandex.Practicum and Toloka. In the future, 51% of Yandex's Russian legal entity may be sold to investors, while 49% will be retained by Yandex N.V. 
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