AVELLUM acted as the Ukrainian legal counsel to Uber on obtaining a merger control clearance from the Antimonopoly Committee of Ukraine for the creation of a joint venture with Yandex. The new company is valued at USD3.8 billion.

The transaction involved the formation of a joint venture that combines the following activities: (1) facilitating, through a technology application, taxi aggregator services conducted by both groups, and (2) facilitating, through a technology application, food delivery, logistics, and ancillary services, as well as other related activities conducted by Uber.

Joint venture will be active in Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, and Russian Federation.

Herbert Smith Freehills LLP acted as the global legal counsel to Uber.

Uber develops, markets, and operates the Uber car transportation and food delivery mobile apps.

Yandex specialises in Internet-related services and products, as well as in on-demand transportation services. 

AVELLUM team was led by managing partner Mykola Stetsenko and senior associate Yaroslav Medvediev, with support from associates, Andrii Gumenchuk and Anton Arkhypov.