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FAS refused Yandex purchase of Lucky group
The Russian antimonopoly service has officially refused the application of Yandex, which wanted to acquire taxi aggregators of the Veset group. According to experts, the transaction leads to increased market concentration and to a narrowing of the choice of taxi drivers and passengers.
“The combined share of Yandex.Taxi taxi aggregators and the Lucky group will increase and amount to 70% within the geographical borders of the Russian Federation, over 80% within the borders of 19 constituent entities of the Russian Federation and over 50% within the borders of 30 constituent entities,” the official press service said. release on the FAS website.
Based on the Law on Protection of Competition, the antimonopoly service refused to grant the application. As experts noted, taxi drivers can choose between different aggregators in search of favorable conditions, and passengers can choose lower prices.