Government sets additional discount for Yandex

Government has approved the purchase by a consortium of investors of 96.3% of Yandex ICAO from the Netherlands-based Yandex N.V., sources told Vedomosti. Approved by the commission, the amount of the deal is ₽457.3 billion, which is ₽17.7 billion less than the 475 billion originally planned. Representatives of Yandex and ZPIF Consortium.First refrained from commenting. Government officials also did not confirm or deny information about the deal.