The FAS refused Yandeks.Taksi in buying assets of the group of companies "Lucky"

The Federal Antimonopoly Service (FAS) Russia has not agreed to the request Yandeks.Taksi the acquisition of assets of GK "Lucky" because of the fact that the transaction could lead to a deterioration in competition in the market.

According to the service, a new application was submitted Yandeks.Taksi May 15 this year, after the end of March the company withdrew its third application for approval of the transaction. At this time, the application Yandeks.Taksi relating to the acquisition of all the trademarks "Lucky» - Fasten, Leader, RedTaxi and others.

The FAS Analysis showed that the transaction may result in an increase in the total proportion of these aggregators to 70% by Russia, in 19 subjects the RF component could exceed 80%.

Anatoly Golomolzin, deputy head of the FAS:

"After analyzing all the parties to the transaction materials, taking into account the conducted market analysis aggregators taxi, FAS Russia concluded that the transaction leads to increased market concentration, to a narrowing of choice of taxi drivers and passengers. Accordingly, the effects of the transaction could negatively affect competition in the market aggregators taxi. "

Recall the deal was announced in July last year, at the same time Yandex has started the process of its approval of the Federal Antimonopoly Service.

Note also that the company Mail.ru Group, previously entered into an agreement with a group of companies "Lucky" on the convertible loan as part of preparations for a new round of investment, said that did not consent to the transaction and reserves the right to veto.

Against buying Yandeks.Taksi GK assets "Lucky" appeared and aggregator taxi Gett, who complained to the FAS that the deal will strengthen the domination Yandeks.Taksi on the market, allowing the service to increase the cost of travel and reduce drivers' income.

Source: Интерфакс
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