FAS received a notification from “Yandex and “UBER” about merging businesses in Russia

23-08-2017 | 10:10

The Antimonopoly Service has already started working with the parties

On 18 August 2017 the Federal Antimonopoly Service (FAS Russia) received a notification from “Yandex and “UBER” about merging their businesses in the Russian Federation.

When the transaction is completed, consumers will still have access to both services. It will also increase the penetration of on-line taxi booking service in Russia and expand the sector of innovative logistical solutions.

FAS shall consider the notification within the statutory period: within 30 days upon receiving the notification with the right to extend for two more months.