Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says

A Russian consortium leading a buyout of Yandex, often dubbed Russia’s Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9 million shares as part of the deal.

Yandex is being bought by a consortium made up of senior Yandex Russian management, a fund controlled by oil major Lukoil and three other companies owned by businessmen Alexander Chachava, Pavel Prass and Alexander Ryazanov.