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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Potential Grab, Trans-cab merger could block entry and expansion of rival ride-hailing platforms: Competition watchdogSINGAPORE — Tech firm Grab's proposed takeover of Trans-cab could affect how drivers employed by the taxi operator use other ride-hailing platforms, Singapore's competition watchdog said on Monday (Oct 16).
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Potential Grab, Trans-cab merger could block entry and expansion of rival ride-hailing platforms: Competition watchdogThe Competition and Consumer Commission of Singapore has raised concerns over how Trans-cab drivers may use other platforms, should Grab succeed in its proposed takeover of the taxi operator.
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