Singapore competition watchdog has yet to receive guidance on Grab-GoTo proposed merger


A woman stands outside the Grab transport office in Singapore on June 13, 2018 / AFP PHOTO / ROSLAN RAHMAN

SINGAPORE: The Competition and Consumer Commission of Singapore said on Wednesday it has not received any notification from ride and delivery companies Grab or GoTo on a proposed merger.

"CCCS is open to engaging with the parties via our merger notification and pre-notification discussion processes," it said in an emailed statement to Reuters.

The commission said it is aware of media reports regarding talk of a possible merger between the two companies.

It said the parties should seek legal advice on whether any proposed merger complies with competition law in Singapore. - Reuters

 

 

 

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Sinapore , Grab , GoTo , merger , anti-competition , CCCS

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