Jolla Software Seeks Corporate Restructuring to Divest Russian Ownership

Jolla, a software company, is being sought for corporate restructuring. The company wants to get rid of its Russian co-owners. Yandex, a Russian internet firm, is also making progress on a corporate restructuring plan that should see it divest ownership and control of core, Russia-based businesses. The restructuring is subject to certain conditions related to the timing and implementation of Yandex’s proposed corporate restructuring, including the divestment of ownership and control of a number of its core businesses, including all Russia-based businesses, by the end of 2023.