FAS evaluated the possible agreement between Wildberries and Russ. The department believes that companies and consumers can gain a positive effect from their merger. The companies announced the merger on June 18 and the FAS is willing to study the details of the transaction.
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Businesses and consumers can benefit from the combination of Wildberries and Russ. The head of the Federal Antimonopoly Service, Maxim Shaskolsky, evaluated the possible agreement, Interfax reports.
The FAS highlighted that companies are successful and develop in different segments. The agency expressed its willingness to study the details of their merger, but the FAS did not receive any request for approval of the transaction.
News on the topic: “We run the risk of having an even more serious digital monopolist”: the market on the merger of Wildberries and Russ
On June 18, it emerged that Wildberries Marketplace and outdoor advertising operator Russ would be teaming up to create “the newest digital commerce platform.” It will include a digital media platform, a network of advertising structures, logistics centers, warehouses and logo centers.
Author:
Kirill Bilyk
Source: RB
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