04.02.2021

Federal Antimonopoly Service will check the deal between Yandex and Vezet

Federal Antimonopoly Service will check the deal between Yandex and Vezet

Yandex.Taxi announced that they are planning to purchase a part of Vezet assets for $178 million.

In 2020 Federal Antimonopoly Service of Russia ( FAS) examined the application of MLU B.V. (it controls Yandex.Taxi and is controlled by Yandex N.V.) to consider the acquisition of the Vezet taxi aggregator. On June 11, 2020 FAS decided to refuse the application as this transaction could have led to a restriction of competition in the taxi aggregator market.

The Federal Antimonopoly Service will check the information on the planned purchase of Vezet group's assets for compliance with antimonopoly law and on the need to coordinate it with the agency.


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