Bargain «Yandex.Taxi» and Uber will not submit for the state Commission on nonvertical

© RIA Novosti / Natalia to Seliverstova in fotoreceptori service Yandex.Taxi. Archival photoBargain «Yandex.Taxi» and Uber will not submit for the state Commission on nonvertical© RIA Novosti / Natalia to Seliverstova the image Bank

The merger of «Yandex.Taxi» and Uber will not be submitted to the government Commission on foreign investment, however, the Federal Antimonopoly service (FAS) of the Russian Federation, while discussing it can issue instructions, told reporters the head of the FAS Igor Artemyev.

In mid-July, «Yandex» and Uber have agreed to unite in one company your online taxi services in Russia, Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. Under the deal, Uber and «Yandex» will invest in a new company 225 million and $ 100 million respectively. Created company hand estimated at 3,725 billion dollars. After closing the transaction, 59.3% of the company will belong to «Yandex», 36,6% — Uber, and 4.1% of employees. The closing of the transaction expected in the fourth quarter of 2017.

«We are working. However, we take this transaction positively, because, given that more than a dozen companies in the market, there is no monopolization of the market in this merger. We can see it. But since it’s all connected with the new digital technologies, may be issued an order», — he said.

Answering the question of whether the transaction is considered by the state Commission, Artemyev said, «And there is no need for this, not the market.» However, he said that it will be reviewed within the statutory deadlines.

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