Policy Areas


  • Blog
  • News
Yandex.Taxi announced the purchase of part of the "Vezet" Group's assets for $ 178 million. Earlier, FAS blocked the deal, but now the parties claim that they have revised its structure and there is no longer a need to request permission for it.
On the 22nd of December 2020 South African Competition Commission has released a statement that confirms it as conditionally approved the proposed merger in which Google intends to acquire Fitbit. This merger is also being declared to and reviewed by competition commissions in several jurisdictions, including the EU, USA, Australia, Canada and Japan.
On December 14, the State Administration for Market Regulation of China (SAMR) published the administrative decisions on Alibaba, China Literature and Hive Box, which had completed economic concentrations with no approval of the supervisory authority: all three companies were fined 500,000 RMB (≈76,500 USD) each for undeclared M&A transaction. The responsible officers of the SAMR Antimonopoly Bureau agreed to provide their commentary on the matter.
During a challenging year, M&A activity in pharmaceutical markets was lower than experts estimated. Also, there were not many megadeals in Q1 and Q2 compared with 2019 (where the value of the largest deal was $99.5 billion). The biggest deals in the first half of 2020 were Thermo Fisher Scientific / Qiagen ($11.5 billion, COVID-19), Gilead Sciences / Forty Seven ($4.9 billion, oncology), Gilead Sciences / Pionyr Immunotherapeutics ($1.7 billion, oncology), Novo Nordisk / Corvidia ($2.1 billion, cardiometabolic diseases), Eli Lilly / Dermira ($1.1 billion, immunology, dermatology).
Expert at the BRICS Competition Centre
The Federal Antimonopoly Service (FAS) has not agreed on the purchase by Yandex of the ‘Vezet’ taxi aggregator, as the deal would have led companies to dominate the taxi market in more than half of the Russian regions.
On the 22-23rd June the BRICS Competition Law and Policy Forum took place at HSE St Petersburg. The international conference was organised jointly by the HSE-Skolkovo Institute for Law and Development, the Centre for Law, Economics and Society at UCL and the Russian Federal Antimonopoly Service (FAS). Heads of antitrust departments and experts from the BRICS and the EEC were joined by leading academics and experts on competition law from Europe and the US.