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

 

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Sinapore , Grab , GoTo , merger , anti-competition , CCCS

Next In Business

Apex Healthcare takeover becomes unconditional
Citaglobal wins two infrastructure projects totalling RM82.7mil
Ringgit ends lower amid profit-taking, lack of fresh market catalysts
MN Holdings wins RM177mil contract from TNB
AmanahRaya REIT completes RM390mil issuance under RM2bil MTN programme
Greenyield appoints Tham Kin Shun as acting MD
AME Elite to sell Johor industrial properties to CapitaLand Malaysia Trust for RM220.8mil
Kim Loong to acquire 75% stake in Kim Loong Mills Sarawak for RM10mil
George Kent wins RM34.5mil contract from Prasarana
FBM KLCI ends at intraday high, marks 16-month high

Others Also Read