MOSCOW, July 14. /TASS/. The Federal Antimonopoly service of Russia (FAS) may refuse the transaction on Association “Yandex.Taxi” Uber, if you see it as a threat to the consumer. This statement was made in interview to TV channel “Russia 24” the head of Department Igor Artemyev.
The taxi market in Russia. Dossier
“We’re definitely ready with the companies work. We have good contact with Uber and “Yandex” we passed a lot of important positions and dialogues from the perspective of the system that they’ve implemented that is a positive for the consumer, that it was safe for the consumer. As a dialogue – our relationship with them is very positive, with one and with another company, and in this sense we will try them very friendly to work with. But if we see a threat, we deal not allow”, – he said.
Artemyev said that the consideration of the transaction, the FAS has three months . “The law tells us that we have the right to (consideration of) such transaction 30 days, plus another 60 have the right to extend. That is 90 days we will give the answer,” he said.
“Yandex” and Uber announced on June 13 that will create a new company to order a taxi in Russia, Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. The new company will start delivery service UberEats food.
Uber will invest in the new company $225 million, “Yandex” – $100 million the company’s Total value is estimated at $3,725 billion the closing of the transaction expected in the fourth quarter of 2017, to do this, you must align it with the regulators. The transaction has been approved by the boards of Directors of Uber and “Yandex”.