Grab, Trans-Cab say merger won’t substantially lower competition as CCCS seeks public views

📆 14/08/2023 03:39:00
📰 straits_times

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The competition watchdog said it would decide if the proposed takeover would infringe the Competition Act. Read more at straitstimes.com.

SINGAPORE - Singapore’s competition watchdog is seeking public views on ride-hailing firm Grab’s proposed takeover of Trans-Cab, the country’s third-largest taxi company.

The expansion of rivals in the rental market, they said, shows it is possible for competitors to expand their offerings. Second, the firms said there were minimal overlaps between them. GrabRentals provides private-hire cars that drivers can rent, whereas Trans-Cab primarily operates a fleet of taxis with a limited supply of private-hire cars for rent.

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Singapore competition watchdog seeks public feedback on Grab's planned acquisition of Trans-cabSINGAPORE: The Competition and Consumer Commission of Singapore (CCCS) on Monday (Aug 14) said it was seeking public feedback on tech firm Grab's proposed acquisition of taxi operator Trans-cab. The competition watchdog is looking for views on how the acquisition,
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