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The AMO SR approved the concentration of undertakings Sberbank Ruska, Russian Federation and Yandex N.V., Netherlands grounded in creating of joint venture PS Yandex.Money LLC, Russian Federation

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The Division of Concentrations of the Antimonopoly Office of the Slovak Republic approved on May 6, 2013 the concentration of undertakings Sberbank Ruska, based in Moscow, Russian Federation and Yandex N.V., based in Haag, Netherlands, grounded in creating of joint venture PS Yandex.Money LLC, Moscow, Russian Federation.

The decision came into force on May 14, 2013.