The FAS will give you the answer on the transaction of “Yandex” and Uber for three months


Moscow. July 14. INTERFAX.RU – the Federal Antimonopoly service (FAS) of the Russian Federation within 90 days decide whether approved transaction “Yandex” and Uber, said the head of FAS Igor Artemyev.

“The law tells us that we have the right to such a deal (for consideration – if) 30 days plus another 60 have the right to extend. That is 90 days we will give you the answer”, – he told in interview to TV channel “Russia 24”.

Thursday July 13, Yandex and Uber announced the creation of the company in which is merged the business of online travel arrangements in Russia and several neighbouring countries. The business is estimated at $3,725 billion under the agreement, Uber and “Yandex” will invest, respectively, $225 million and $100 million in the new company. Control (59,3%) on new business will be “Yandex”, another 36.6% of the Uber, and the remaining 4.1 percent are owned by employees of the two companies.

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