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Grab Rentals’ acquisition of Trans-cab still under review

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pstrongThe acquisition has not been cleared of competition concerns./strong/p pThe Competition and Consumer Commission of Singapore (CCCS) has completed the Phase 1 review of the proposed acquisition by Grab Holdings Limited (Grab), through its subsidiary Grab Rentals, of 100% of the shares of Trans-cab Holdings.

The Competition and Consumer Commission of Singapore has completed the Phase 1 review of the proposed acquisition by Grab Holdings Limited , through its subsidiary Grab Rentals, of 100% of the shares of Trans-cab Holdings.CCCS conducted the review to ensure non-infringement of section 54 of the Competition Act 2004, which prohibits mergers that have resulted or may be expected to result in a substantial lessening of competition within any market in Singapore.

Grab operates primarily over a mobile application across the digital financial services, delivery, and mobility sectors, which also include ride-hail platform services.

 

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