Russia's VTB Bank (public joint-stock company) (MISX:VTBR, as part of a consortium of investors, is interested in the acquisition of a stake in Internet company Yandex N.V. (NasdaqGS:YNDX), CEO Andrei Kostin told reporters. “As to Yandex, we are a part of a big consortium," Kostin said adding that the size of the stake will be discussed. The deal may take place by the end of 2023, he said.

“As we said earlier, all the suggested changes, including on the list of investors, are to be approved by the current shareholders. The details of the possible restructuring are still in consideration and will be made public later," Yandex said in a statement. Bloomberg reported earlier quoting sources that Dutch firm Yandex N.V., the parent company of Russia's Yandex, received bids from billionaires Vladimir Potanin and Vagit Alekperov to acquire control in the search engine that value the Russian assets at about U.S. $7 billion.