Yandex N.V. exits capital of Russian Yandex

MOSCOW. July 15 (Interfax) - Netherlands-based Yandex N.V (YNV) has closed the second stage of the deal to sell Yandex's Russian business, the holding company said.

Consequently, YNV has exited the Russian company's shareholder composition following the deal.

YNV plans to change its name and cease using Yandex brands by July 31. The company will presumably be called Nebius Group, though the shareholders must approve any changes.