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Russia's Putin approves transactions involving Yandex Bank shares -decree

Reuters

MOSCOW, Feb 14 (Reuters) - Russian President Vladimir Putin has approved transactions involving the shares of Yandex Bank, according to a presidential decree published on Wednesday.

The Nasdaq-listed parent company of Russia's search engine giant Yandex last week agreed to spin off some assets in a cash and shares deal worth $5.2 billion.

That deal still requires regulatory and shareholder approval. (Reporting by Reuters; Writing by Alexander Marrow; Editing by Andrew Cawthorne)