Grab Holdings Limited's proposed acquisition of Trans-cab Holdings Ltd. could significantly reduce competition in Singapore's ride-hail market, according to a provisional Statement of Decision issued by the Competition and Consumer Commission of Singapore .
In a statement, CCCS said that the deal would entrench Grab’s dominant position in the market. This could disadvantage rival ride-hail platforms by limiting their access to drivers from Trans-cab, which is one of Singapore’s largest independent fleets.Additionally, the acquisition could also lead to greater"stickiness" of Trans-cab drivers to Grab’s platform, restricting rivals' access to drivers and making it challenging for them to replace any loss of Trans-cab drivers quickly.
Grab has 10 working days to respond to CCCS's concerns before a final decision is made. CCCS will consider any responses before deciding whether to approve or block the acquisition....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
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