Russian watchdog warns of competition risks from Yandex.Taxi deal with Vezet

Russian watchdog warns of competition risks from Yandex.Taxi deal with Vezet

MOSCOW (Reuters) – Russia’s Federal Antimonopoly Service (FAS) said on Wednesday a deal between Yandex.Taxi ride-hailing service, a subsidiary of Russian internet group Yandex, and a taxi firm Vezet could have negative effect on competition on the taxi market.

Yandex.Taxi announced last month the acquisition of selected assets of Vezet to ramp up development of logistics services and enhance customer case across Russian regions.

FAS said the deal did not require its approval as assets…


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