SINGAPORE - The Competition and Consumer Commission of Singapore is inviting public feedback on BreadTalk Group's proposed acquisition of Food Junction Management for $80 million.
Section 54 of the Act prohibits mergers that have resulted, or may be expected to result, in a substantial lessening of competition within any market in Singapore.They involve the sale of drinks, fruits, snacks, desserts and hot meals to consumers in foodcourt premises, as well as the rental of stalls to food vendors.
Customers in both markets can easily switch across multiple alternatives, it added, and food vendor tenants can also move to other coffee shop and foodcourt premises if they find that rental terms offered are not competitive. It is also not overly costly for food vendors to set up new food stalls in foodcourts, coffee shops and hawker centres, it added.