MOSCOW, May 17 (Reuters) - Dutch-registered Yandex N.V. said on Friday it had successfully completed the first phase of a deal to divest its Russia-based businesses.
The company expects the second and final closure of the deal to take place in the first half of July.
Yandex N.V. announced the agreement to divest the Russia businesses in March for a total consideration of 475 billion roubles ($5.2 billion), payable in a combination of cash and shares.
The businesses are 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.
(Reporting by Gleb Stolyarov Writing by Maxim Rodionov; Editing by Mark Trevelyan)
